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.
Company Growth (employees)
Type
Public
HQ
Tampa, US
Founded
1999
Size (employees)
4,000 (est)+15%
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 Data and Metrics

Surgery Partners Financial Metrics

Surgery Partners's revenue was reported to be $286.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

286.2 m

Gross profit (Q1, 2017)

74.2 m

Gross profit margin (Q1, 2017), %

26%

Net income (Q1, 2017)

14.4 m

EBIT (Q1, 2017)

41.7 m

Market capitalization (17-Aug-2017)

447.8 m

Cash (31-Mar-2017)

56 m
Surgery Partners's current market capitalization is $447.8 m.
USDFY, 2015FY, 2016

Revenue

959.9 m1.1 b

Revenue growth, %

19%

Cost of goods sold

669.3 m821.2 m

Gross profit

290.6 m324.2 m

Gross profit Margin, %

30%28%

Sales and marketing expense

261.7 m357.2 m

General and administrative expense

56 m60.2 m

Operating expense total

815.1 m949 m

EBIT

144.8 m196.5 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 m85.1 m
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

239.6 m267.1 m289.7 m282.7 m286.2 m

Cost of goods sold

168.8 m196.7 m208.9 m201.4 m211.9 m

Gross profit

70.8 m70.4 m80.8 m81.3 m74.2 m

Gross profit Margin, %

30%26%28%29%26%

Sales and marketing expense

66.1 m86.9 m93.8 m85.7 m89.9 m

General and administrative expense

11.2 m12.2 m15 m15 m15.5 m

Operating expense total

77.3 m99.1 m108.8 m100.7 m105.4 m

EBIT

44.3 m34.3 m50.9 m42.8 m41.7 m

EBIT margin, %

18%13%18%15%15%

Interest expense

(26.6 m)(22.2 m)(26.2 m)(26.5 m)(25.2 m)

Pre tax profit

17.7 m12.1 m24.7 m12.6 m16.5 m

Income tax expense

3.9 m1.8 m2.4 m(1.7 m)2.1 m

Net Income

13.8 m10.4 m22.3 m14.3 m14.4 m
USDFY, 2015FY, 2016

Cash

57.9 m69.7 m

Accounts Receivable

177.8 m220.6 m

Inventories

25.6 m28.8 m

Current Assets

311 m362 m

PP&E

184.6 m204.3 m

Goodwill

1.4 b1.6 b

Total Assets

2.1 b2.3 b

Accounts Payable

45.3 m49.8 m

Current Liabilities

181.3 m186.7 m

Additional Paid-in Capital

316.3 m320.5 m

Retained Earnings

(320.8 m)(311.4 m)

Total Equity

297.9 m324.7 m

Financial Leverage

7.1 x7.1 x
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

56.8 m135 m51.6 m55.2 m56 m

Inventories

24.7 m26.6 m25.9 m26.9 m29.3 m

Current Assets

288 m394.9 m317 m328.7 m350.1 m

PP&E

173.8 m191.7 m196.8 m199.6 m204.7 m

Goodwill

1.3 b1.4 b1.5 b1.5 b1.6 b

Total Assets

1.9 b2.2 b2.2 b2.2 b2.3 b

Accounts Payable

40.8 m45.6 m43.9 m44.5 m47.6 m

Current Liabilities

176.2 m183.8 m182.4 m178.7 m196.5 m

Additional Paid-in Capital

59.8 m317.6 m318.8 m319.4 m321.8 m

Retained Earnings

(337.5 m)(328 m)(325.9 m)(328.2 m)(314.1 m)

Total Equity

17.2 m292.2 m313.6 m317.5 m319.6 m

Financial Leverage

109.7 x7.5 x7.1 x7.1 x7.2 x
USDFY, 2015FY, 2016

Net Income

72.8 m85.1 m

Depreciation and Amortization

34.5 m39.6 m

Accounts Receivable

(48.8 m)(60.6 m)

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 m71.3 m

Income Taxes Paid

1.1 m661 k
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

13.8 m10.4 m22.3 m14.3 m14.4 m

Depreciation and Amortization

8.6 m9.6 m9.7 m9.7 m11.1 m

Inventories

24.7 m26.6 m25.9 m26.9 m29.3 m

Accounts Payable

40.8 m45.6 m43.9 m44.5 m47.6 m
USDY, 2017

Revenue/Employee

76.3 k

Financial Leverage

7.2 x

Surgery Partners Market Value History

Surgery Partners Revenue Breakdown

Traffic Overview of Surgery Partners

Surgery Partners Online and Social Media Presence

Surgery Partners Company Life and Culture

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