Transformer-based foundation models (FMs) have recently demonstrated remarkable performance in medical image segmentation. However, scaling these models is challenging due to the limited size of medical image datasets within isolated hospitals, where data centralization is restricted due to privacy concerns. These constraints, combined with the data-intensive nature of FMs, hinder their broader application. Integrating federated learning (FL) with foundation models (FLFM) fine-tuning offers a potential solution to these challenges by enabling collaborative model training without data sharing, thus allowing FMs to take advantage of a diverse pool of sensitive medical image data across hospitals/clients. However, non-independent and identically distributed (non-IID) data among clients, paired with computational and communication constraints in federated environments, presents an additional challenge that limits further performance improvements and remains inadequately addressed in existing studies. In this work, we propose a novel FLFM fine-tuning framework, \underline{\textbf{Fed}}erated tuning with \underline{\textbf{S}}imilarity-guided \underline{\textbf{C}}ollaborative \underline{\textbf{A}}ggregation (FedSCA), encompassing all phases of the FL process. This includes (1) specially designed parameter-efficient fine-tuning (PEFT) for local client training to enhance computational efficiency; (2) partial low-level adapter transmission for communication efficiency; and (3) similarity-guided collaborative aggregation (SGCA) on the server side to address non-IID issues. Extensive experiments on three FL benchmarks for medical image segmentation demonstrate the effectiveness of our proposed FedSCA, establishing new SOTA performance.