Welcome to our dedicated page for Surgery Partners news (Ticker: SGRY), a resource for investors and traders seeking the latest updates and insights on Surgery Partners stock.
Surgery Partners, Inc. (NASDAQ: SGRY) is a healthcare services company headquartered in Brentwood, Tennessee, focused on short-stay and outpatient surgical care. News about Surgery Partners often centers on its performance as a short-stay surgical facility owner and operator, its financing activities, and developments across its network of ambulatory surgery centers, surgical hospitals, multi-specialty physician practices and urgent care facilities.
Investors following SGRY news can expect regular quarterly earnings announcements that discuss revenue growth, same-facility revenues, case volumes, Adjusted EBITDA and liquidity. These releases frequently include guidance ranges for full-year revenues and Adjusted EBITDA, along with commentary from management on operational execution, portfolio performance and the company’s long-term growth approach.
In addition to earnings, Surgery Partners’ news flow includes updates on capital structure and debt financing. Recent items have described the issuance and pricing of 7.250% senior unsecured notes due 2032 through its subsidiary, Surgery Center Holdings, Inc., as well as amendments to its credit agreement that introduce refinancing term loans and revolving credit commitments. These developments are relevant for understanding the company’s funding strategy and leverage profile.
Strategic and partnership news is another key theme. For example, Surgery Partners has announced a joint venture with Baylor Scott & White Health to jointly own a 16-bed hospital in Bryan, Texas, known as The Physicians Centre Hospital. This facility offers a broad range of surgical services, including bariatric, orthopedic, ophthalmologic, gastroenterological, podiatric, spinal and urologic procedures, along with general, plastic and reconstructive surgery, sports medicine, pain management and radiology services.
Governance and leadership updates, such as changes in board roles, executive appointments and resignations, are also disclosed through news releases and Form 8-K filings. For ongoing insight into SGRY, this news page aggregates company-issued announcements, financial updates and material events reported to the SEC.
Surgery Partners (NASDAQ:SGRY) will announce its second quarter 2022 financial results on August 2, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET, where investors can join via a dedicated dial-in or webcast through the company’s Investor Relations website. Founded in 2004 and headquartered in Brentwood, Tennessee, Surgery Partners operates over 180 surgical facilities across 32 states, focusing on high-quality, cost-effective outpatient care.
Surgery Partners (NASDAQ:SGRY) will present at the Jefferies Healthcare Conference on June 8, 2022, at 4:30 p.m. EST. The event aims to connect the company with investors.
Interested parties can listen to a live webcast on the Surgery Partners investor relations page, with a replay available for a limited time thereafter.
Founded in 2004 and headquartered in Brentwood, Tennessee, Surgery Partners operates over 180 facilities in 32 states, focusing on high-quality, cost-effective surgical care.
Surgery Partners (NASDAQ:SGRY), a leading healthcare services company, will meet with investors at two upcoming healthcare conferences.
The Bank of America Securities 2022 Healthcare Conference is scheduled for May 10, 2022, at 4:20 p.m. ET, and the RBC Capital Markets Global Healthcare Conference will follow on May 17, 2022, at 1:35 p.m. ET.
Webcasts of both events will be accessible on Surgery Partners' investor relations website, with replays available for a limited time after the calls.
Surgery Partners (NASDAQ: SGRY) and ValueHealth announced a strategic partnership aimed at expanding access to high-value surgical care. This collaboration will accelerate the development of new ambulatory surgery centers (ASCs) and implement ValueHealth's value-based surgical programs across existing locations. Surgery Partners will manage ASCs and develop new surgical sites focusing on orthopedic specialties. The partnership is expected to meet the rising demand for cost-effective surgical services, enhancing the patient and physician experience in outpatient settings.
Surgery Partners reported a 16.4% increase in revenues to $596.2 million for Q1 2022, with net income of $12.2 million and adjusted EBITDA of $77.1 million, up 5.8% year-over-year. The company raised its 2022 guidance for adjusted EBITDA to between $375 million and $385 million and projected revenues of $2.5 billion to $2.6 billion. Surgical case volume also saw a double-digit growth across multiple specialties. The management emphasized strong operational execution despite challenges posed by the Omicron variant.
Surgery Partners (NASDAQ:SGRY), a leading short-stay surgical facility operator, will announce its Q1 2022 results on May 3, 2022. The results will be followed by a conference call at 8:30 a.m. ET. Interested investors can access the call by dialing 1-877-451-6152 for domestic or 1-201-389-0879 for international connections. A replay will be available until May 17, 2022. Surgery Partners operates over 180 locations across 31 states, focusing on high-quality and cost-effective surgical care. Visit www.surgerypartners.com for more information.
Surgery Partners, Inc. (NASDAQ:SGRY) reported a net loss of $0.1 million for Q4 2021 and a full-year net loss of $81.2 million. Q4 revenues increased 11.3% to $610.2 million, while full-year revenues rose 19.6% to $2.2 billion. Adjusted EBITDA in Q4 increased 26% to $114.4 million and 32.3% for the year to $339.6 million, aided by CARES Act grants. The company forecasts 2022 revenues to exceed $2.5 billion with Adjusted EBITDA between $370 million and $380 million. Significant investments and capital deployment of $325 million in 2021 underline a strong growth outlook.
Surgery Partners (NASDAQ:SGRY) will announce its fourth quarter 2021 results after market close on February 28, 2022. A conference call will follow at 5:00 p.m. ET to discuss these results. Interested parties can join the call via a domestic phone number (1-877-451-6152) or international number (1-201-389-0879). A replay will be available for a limited time afterward. Surgery Partners, headquartered in Brentwood, TN, operates over 180 locations across 31 states, focusing on outpatient surgical and ancillary care.
Surgery Partners (SGRY) and Privia Health have forged a strategic agreement to enhance healthcare services in Montana. This partnership allows Surgery Partners to utilize Privia's physician enablement capabilities through the Great Falls Clinic, which will anchor Privia's statewide physician network. Additionally, they have established a joint venture to create the Privia Management Company of Montana. This collaboration aims to deliver high-quality surgical care, improve patient experiences, and expand their operational reach across the U.S.
Surgery Partners (NASDAQ: SGRY) reaffirmed its 2021 adjusted EBITDA guidance of $325-$330 million, reflecting a 19%-21% revenue growth over 2020. At the J.P. Morgan Healthcare Conference, the company highlighted recent acquisitions totaling $185 million, with a focus on double-digit EBITDA growth moving into 2022. The leadership transition includes David T. Doherty as CFO, effective February 1, 2022, following Tom Cowhey's departure for new opportunities. The company remains optimistic about its performance amid ongoing pandemic challenges.