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Surgery Partners Inc   (SGRY)
Other Ticker:  
 
    Sector  Healthcare    Industry Healthcare Facilities
   Industry Healthcare Facilities
   Sector  Healthcare
 
Price: $24.4700 $-0.24 -0.971%
Day's High: $25.07 Week Perf: -5.67 %
Day's Low: $ 24.44 30 Day Perf: -14.89 %
Volume (M): 499 52 Wk High: $ 45.79
Volume (M$): $ 12,220 52 Wk Avg: $33.17
Open: $24.98 52 Wk Low: $22.05



 Market Capitalization (Millions $) 3,235
 Shares Outstanding (Millions) 132
 Employees 11,000
 Revenues (TTM) (Millions $) 2,743
 Net Income (TTM) (Millions $) 135
 Cash Flow (TTM) (Millions $) -87
 Capital Exp. (TTM) (Millions $) 89

Surgery Partners Inc
Surgery Partners Inc. is a leading operator of surgical facilities across the United States. The company operates a network of over 200 facilities across 34 states, focusing on surgical procedures in various specialties such as orthopedics, gastroenterology, urology, ophthalmology, pain management, and plastic surgery, among others.

The company's facilities include ambulatory surgery centers, surgical hospitals, and physician clinics, which are equipped with advanced technologies and staffed by highly trained medical professionals. Some of the company's notable facilities include the Washington Outpatient Surgery Center and the Andrews Institute for Orthopaedics & Sports Medicine Surgery Center.

Surgery Partners also provides a range of support services to physicians, including revenue cycle management, clinical staffing, and practice management. The company's solutions help physicians manage their practices more efficiently and effectively, enabling them to focus on providing high-quality patient care.

The company was founded in 2004 by a group of physicians and private equity investors. It became a publicly traded company in 2015 and is listed on the NASDAQ exchange under the ticker symbol "SGRY". The company is headquartered in Brentwood, Tennessee, and employs over 7,500 individuals across its facilities and offices.

Surgery Partners has experienced significant growth through acquisitions of other surgical facilities and practices. Some of the company's notable acquisitions include National Surgical Healthcare in 2017 and the Tufts Medical Center's Lowell General Surgery Center in 2018.

The company is committed to providing high-quality, affordable healthcare services to patients, with a focus on enhancing patient outcomes and experiences. Surgery Partners has received numerous awards and recognitions for its contributions to the healthcare industry, including the Becker's Healthcare 100 Great Places to Work in Healthcare award in 2020.


   Company Address: 340 Seven Springs Way, Suite 600 Brentwood 37027 TN
   Company Phone Number: 234-5900   Stock Exchange / Ticker: NASDAQ SGRY
   SGRY is expected to report next financial results on May 07, 2024.


   

Stock Performances by Major Competitors

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Stock Market Announcement

Surgery Partners' Strategic Moves Propel Growth and Solidify Position in Healthcare Market

Published Tue, Mar 26 2024 7:52 PM UTC



In a bid to strengthen its financial position and fuel further expansion, Surgery Partners, Inc. (NASDAQ: SGRY) recently announced two significant initiatives. The Nashville-based healthcare services company's wholly-owned subsidiary, Surgery Center Holdings, Inc., successfully priced $800 million worth of senior unsecured notes due 2032 in a private offering. Addi...

Surgery Partners Inc

Surge in Financial Performance: Surgery Partners Inc. Reports Profit Growth Despite Impairment Charges

Surgery Partners, Inc. has been making headlines recently with the announcement of a proposed secondary offering of common stock by certain stockholders. The company, a leading operator of surgical facilities and ancillary services, is looking to continue its financial growth trajectory with this strategic move.
In the fiscal period ending December 31, 2023, Surgery Partners Inc. saw significant improvements in its financial performance. The company decreased its loss per share to $-0.01 compared to $-0.22 in the previous year, and its earnings per share (EPS) improved from $-0.04 to $0.01. Revenue also increased modestly by 4.002% to $735.40 million from $707.10 million in the previous year.

Shares

Surgery Partners, Inc. Aims to Raise Capital for Expansion Through Proposed Secondary Offering

Published Thu, Dec 14 2023 9:33 PM UTC


Introduction
BRENTWOOD, Tenn., Dec. 14, 2023 - Surgery Partners, Inc. (Nasdaq: SGRY) released a press statement today announcing that certain stockholders intend to offer for sale 8,000,000 shares of the Company's common stock in an underwritten secondary offering. The offering is subject to market and other conditions, and there is no certainty regarding the comple...

Financing Agreement

Surgery Partners, Inc. Completes Refinancing Transaction

Published Wed, Dec 6 2023 2:17 PM UTC


Surgery Partners, Inc. (NASDAQ: SGRY) announced today that its subsidiary, Surgery Center Holdings, Inc., has secured commitments for a new $1.4 billion senior secured term loan. The loan will bear an interest rate of 3.50% per annum in excess of the applicable Secured Overnight Financing Rate (SOFR) index rate or, alternatively, 2.50% per annum in excess of an adjusted...

Surgery Partners Inc

Surgery Partners Inc Steadily Improves Profitability Despite Impairment Charges

Surgery Partners Inc, a prominent player in the healthcare facilities industry, has recently released its financial results for the third quarter of 2023. While the company experienced a loss of $-0.04 per share during this period, it is worth noting that this is a significant improvement from the loss of $-0.28 per share reported a year ago. Furthermore, the company's income per share fell from $0.15 in the previous reporting period. However, despite these fluctuations, the revenue for Surgery Partners Inc saw a commendable increase of 8.621% to reach $674.10 million, compared to $620.60 million in the same period last year. Sequentially, the revenue also surged by 0.974% from $667.60 million.
When assessing Surgery Partners Inc's performance in comparison to its industry peers, it becomes apparent that the company has underperformed. The top-line improvement of 8.89% announced by contemporaries in the healthcare facilities industry surpasses Surgery Partners Inc's results for the same reporting period.
Despite these observations, Surgery Partners Inc has demonstrated positive strides in net income. With net earnings of $29.700 million in the third quarter of 2023, the company has recorded an impressive increase of 430.36% in comparison to the same period a year ago when net earnings were reported at $5.600 million. Additionally, Surgery Partners Inc has highlighted its improving profit margins, as evidenced by the rise in net margin to 4.41% and an increase in operating margin to 12.25% during the third quarter of 2023.






 

Surgery Partners Inc's Segments
 
 
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Surgery Partners Inc does not provide revenue guidance.

Earnings Outlook
Surgery Partners Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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