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SUTTER HEALTH, EJ FINANCIAL ENTERPRISES FORM NEW SURGERY COMPANY;

 Sutter Surgery Centers, Inc. to Integrate
 Outpatient Surgery, Infusion, and Home Care Services
 SACRAMENTO, Calif., Jan. 27 /PRNewswire/ -- Sutter Health and EJ Financial Enterprises today announced the formation of a new company designed to provide integrated health care services in the areas of outpatient surgery, home infusion and home care services. The company, called Sutter Surgery Centers, Inc. (SSCI), will "set a national standard in creating hospitals without walls," said its new president and CEO, August Saibeni. Saibeni, the former senior vice president for diversification of Sutter Health, resigned from that position to head up SSCI.
 "SSCI will combine the very best elements of Sutter's expertise in outpatient surgery centers and EJ Financial's expertise in home infusion and home care services," said Saibeni. "Coupled with the continuing trend to outpatient care, these synergies represent an area of tremendous opportunity." Sutter Health is currently the country's fourth largest operator of free-standing surgery centers in terms of caseload.
 EJ Financial Enterprises, a Chicago-based company is headed by John Kapoor, Ph.D., the internationally-known entrepreneur and former president of Lyphomed. In 1990, EJ Financial acquired Sutter's interest in OPTION Care, one of the nation's largest home infusion and health care companies.
 Kapoor, who also serves on the boards of several prominent pharmaceutical companies, said, "SSCI will result in benefits to patients, physicians and Sutter Health. It's a unique marriage which comes at a time when health care providers must be alert to the changing needs of the marketplace. I am extremely excited about the potential of SSCI."
 Initially, SSCI will acquire Sutter Health's ownership positions in two surgery centers outside the Sacramento area -- San Francisco SurgiCenter and Sutter Tucson Surgery Center. In addition, SSCI announced the acquisition of three other Californian surgery centers -- The Surgery Center in Oakland, Calif., the Golden Triangle Surgery Center in Murrieta, Calif., in which SSCI acquired a 60 percent interest from a group of physicians/investors, and the Northern Solano Surgery Center in Vacaville, Calif. in which SSCI also acquired a 60 percent interest from a 28-member physician group. Saibeni added that rapid expansion of SSCI can be anticipated, with negotiations for the acquisition of several other surgery centers in California nearing completion.
 Sutter Health's four Sacramento area surgery centers -- Sutter Surgery Center and its satellite, SacENT Surgery Center, Ft. Sutter Surgery Center and Alhambra Surgery Center -- will continue to be owned directly by Sutter Health through its Sutter Ambulatory Care Corp. affiliate. However, SSCI will contract to provide management services to those facilities. In 1992, over 26,000 surgeries were performed at SSCI's owned and managed facilities.
 -0- 1/27/93
 /CONTACT: August Saibeni, president and CEO of Sutter Surgery Centers, Inc., 916-733-3830; John Kapoor, Ph.D., chairman of EJ Financial Enterprises, 708-295-8665; Lloyd Benson of Cudaback Strategic Communications, 617-661-6330, for Sutter Health/


CO: Sutter Surgical Center; EJ Financial Enterprises ST: California IN: MTC SU: JVN

DH-CH -- NE008 -- 9644 01/27/93 12:09 EST
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Publication:PR Newswire
Date:Jan 27, 1993
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