Surgical Care Affiliates and Hawaii Pacific Health Partners, Inc. Complete Joint Venture

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HONOLULU, HI-- Surgical Care Affiliates (SCA), one of the country's largest providers of specialty surgical services, announced today the completion of a joint venture transaction with Hawaii Pacific Health Partners, Inc. (HPHPI) to construct and operate a new outpatient surgery center in downtown Honolulu.

Under the terms of the agreement, SCA and HPHPI are joint owners of ASC Pacific Ventures, LLC, which now has a majority ownership interest in the existing Surgicare of Hawaii located at 550 South Beretania Street. The joint venture will relocate the surgery center to a new facility to be built in the Waterfront Plaza development on Ala Moana Boulevard.

The surgery center plans to offer an array of surgical services, including orthopedics, pain management, ophthalmology, general surgery, otolaryngology, urology, obstetrics/gynecology, plastics and podiatry. SCA will provide day to day management services to the center.

"This partnership allows us to meet the increasing community demand for ambulatory surgical capacity in a patient-friendly environment," said Chuck Sted, Chief Executive Officer of Hawaii Pacific Health. "The new, expanded facility will not only enhance our ability to offer patients leading edge outpatient services in a convenient location, but it also will free up inpatient capacity in our other facilities to deliver more complex procedures and care."

"We are very pleased to finalize our relationship with Hawaii Pacific Health Partners, Inc., a system with an outstanding reputation as a quality healthcare provider," said Andrew Hayek, SCA's Chief Executive Officer. "SCA looks forward to a long and beneficial partnership that will enable our organizations to deliver best-in-class surgical services to the Honolulu community."

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