Trade Surgery Partners Inc - SGRY CFD

Surgery Partners, Inc. Company profile

About Surgery Partners Inc

Surgery Partners, Inc., through its subsidiaries, owns and operates a national network of surgical facilities and ancillary services. The Company operates through two segments: two segments: Surgical Facility Services and Ancillary Services. Its Surgical Facility Services segment includes the operation of ambulatory surgery centers (ASCs) and surgical hospitals, which includes its anesthesia services. Its surgical facilities primarily provide non-emergency surgical procedures across many specialties, including orthopedics and pain management, ophthalmology, gastroenterology (GI) and general surgery. It owns and operates its surgical facilities through partnerships or limited liability companies with physicians, physician groups and health care systems. Its Ancillary Services segment consists of multi-specialty physician practices. It has a portfolio of approximately 126 surgical facilities in the United States, which consists of 108 ASCs and 18 surgical hospitals across 31 states.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Surgery Partners Inc revenues increased 20% to $2.23B. Net loss applicable to common stockholders decreased 48% to $81.2M. Revenues reflect Surgical Facility Services segment increase of 20% to $2.16B, Ancillary Services segment increase of 6% to $67.3M. Lower net loss reflects Other income - Balancing value increase from $900K to $15.5M (income).