Surgery Partners

Surgery Partners, Inc. operates surgical facilities in the United States. The company provides the healthcare industry with solutions that improve patient quality of care, optimize operational efficiency, and grow the business of our customers. Our core business is managing, developing and acquiring ambulatory surgery centers (ASCs). We currently have 49 multi-specialty surgery centers focused on patient care. We focus on growing the ASCs that we currently manage, while searching for new partners through acquisition and development. By developing strong partnerships, we strive to provide the best possible experience and outcome for physicians and patients. Our core concept - who and what we are - is simple. Surgery Partners is exactly what our name implies; we are the crucial partner you need for a better way to manage your practice. Our team, orchestrates the delivery of state of the art, compassionate, and efficient healthcare in a value-driven ambulatory surgical environment. Our Management Team and flexible approach make the difference. Surgery Partners has the resources of a national company, yet is small enough to let you deal directly with decision makers. We also take a flexible approach because each surgical center with which we partner has its own dynamics within its community and among its partners. We recognize this fact and strive to understand how we can add value to your unique situation.
Type
Public
HQ
Tampa, US
Founded
1999
Size (employees)
3,500 (est)
Surgery Partners was founded in 1999 and is headquartered in Tampa, US

Surgery Partners Office Locations

Surgery Partners has an office in Tampa
Tampa, US (HQ)
300 5426 Bay Center Dr

Surgery Partners Metrics

Surgery Partners Financial Metrics

Revenue (2016)

$1.1 b

Revenue growth (2015-16), %

19%

Gross profit

$324.2 m

Gross profit margin (2016), %

28%

Net income (2016)

$85.1 m

Market capitalization (21-Mar-2017)

$951.8 m

Closing share price (21-Mar-2017)

$19.9

Cash (31-Dec-2016)

$69.7 m
Surgery Partners's current market capitalization is $951.8 m.
Surgery Partners's revenue was reported to be $1.1 b in FY, 2016 which is a 19% increase from the previous period.
FY, 2015FY, 2016

Revenue

$959.9 m$1.1 b

Revenue growth, %

19%

Cost of goods sold

$669.3 m$821.2 m

Gross profit

$290.6 m$324.2 m

Gross profit Margin, %

30%28%

Sales and marketing expense

$261.7 m$357.2 m

General and administrative expense

$56 m$60.2 m

Operating expense total

$815.1 m$949 m

EBIT

$144.8 m$196.5 m

EBIT margin, %

15%17%

Interest expense

($101 m)($100.6 m)

Pre tax profit

($76.1 m)$92.2 m

Income tax expense

($149 m)$7.1 m

Net Income

$72.8 m$85.1 m
FY, 2015FY, 2016

Cash

$57.9 m$69.7 m

Accounts Receivable

$619.7 m

Inventories

$239.9 m

Current Assets

$311 m$362 m

PP&E

$184.6 m$204.3 m

Goodwill

$1.4 b$1.6 b

Total Assets

$2.1 b$2.3 b

Accounts Payable

$392.9 m

Current Liabilities

$181.3 m$186.7 m

Additional Paid-in Capital

$316.3 m$320.5 m

Retained Earnings

($320.8 m)($311.4 m)

Total Equity

$297.9 m$324.7 m

Financial Leverage

7.1 x7.1 x
FY, 2015FY, 2016

Net Income

$72.8 m$85.1 m

Depreciation and Amortization

$34.5 m$39.6 m

Accounts Receivable

($8.3 m)

Accounts Payable

($225 k)

Cash From Operating Activities

($17 m)$125.2 m

Purchases of PP&E

($112.6 m)($146.4 m)

Cash From Investing Activities

($134.8 m)($184.7 m)

Long-term Borrowings

($328.3 m)($473.4 m)

Cash From Financing Activities

$33.4 m$71.3 m

Income Taxes Paid

$1.1 m$661 k

Surgery Partners Market Value History

Surgery Partners Online Presence

Surgery Partners Company Life

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