OverviewSuggest Edit

Surgery Partners is a healthcare solutions company specializing in managing, developing and acquiring single and multi-specialty ambulatory surgical centers. The Company's surgical facilities comprise ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties and pain management. The Company's surgical hospitals also provide acute care services and a suite of ancillary services. Surgery Partners also operates an optical laboratory that manufactures eyewear.

TypePublic
Founded2004
HQBrentwood, TN, US
Websitesurgerypartners.com

Latest Updates

Employees (est.) (Dec 2019)6,900(-12%)
Job Openings444
Revenue (FY, 2020)$1.9 B(+2%)
Share Price (May 2021)$51.6(+3%)
Cybersecurity ratingBMore

Key People/Management at Surgery Partners

Tom Cowhey

Tom Cowhey

Executive Vice President and Chief Financial Officer
Wayne S. Deveydt

Wayne S. Deveydt

Executive Chairman of the Board
Jennifer Baldock

Jennifer Baldock

Executive Vice President, Chief Administrative & Development Officer
Eric Evans

Eric Evans

Chief Executive Officer
Matt Petty

Matt Petty

Senior Vice President and Chief Information Officer
Roxanne Womack

Roxanne Womack

Senior Vice President and Chief Compliance Officer
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Surgery Partners Office Locations

Surgery Partners has an office in Brentwood
Brentwood, TN, US (HQ)
310 Seven Springs Way #500
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Surgery Partners Financials and Metrics

Surgery Partners Revenue

Surgery Partners's revenue was reported to be $1.86 b in FY, 2020
USD

Revenue (Q1, 2021)

512.4m

Net income (Q1, 2021)

10.8m

EBIT (Q1, 2021)

64.3m

Market capitalization (7-May-2021)

3.1b

Closing stock price (7-May-2021)

51.6

Cash (31-Mar-2021)

541.9m

EV

5.7b
Surgery Partners's current market capitalization is $3.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.3b1.8b1.8b1.9b

Revenue growth, %

17%32%3%

Cost of goods sold

1.0b1.4b1.4b

Gross profit

327.4m410.0m423.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

417.4m444.8m443.9m416.8m445.4m452.0m441.0m374.7m496.1m512.4m

Cost of goods sold

327.3m340.1m334.3m326.1m340.4m353.1m

Gross profit

90.1m104.7m109.6m90.7m105.0m98.9m

Gross profit Margin, %

22%24%25%22%24%22%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

174.9m184.3m92.7m317.9m

Accounts Receivable

288.0m307.6m326.9m382.2m

Prepaid Expenses

16.8m16.2m17.8m17.6m

Inventories

45.0m43.4m46.3m56.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

112.8m96.1m79.1m142.5m117.4m111.3m194.6m326.3m450.3m541.9m

Accounts Receivable

275.3m276.8m286.3m294.9m301.9m303.1m311.7m310.9m

Prepaid Expenses

59.3m23.3m19.2m21.1m

Inventories

48.1m45.7m44.4m43.8m44.0m44.4m49.0m50.9m56.1m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

28.7m(95.6m)45.1m1.3m

Depreciation and Amortization

51.9m67.4m76.5m94.8m

Cash From Operating Activities

120.9m144.6m129.5m246.9m

Purchases of PP&E

(29.6m)(39.8m)(73.6m)(42.9m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

5.1m9.4m11.5m3.5m11.6m22.5m(8.4m)(12.3m)(46.6m)10.8m

Depreciation and Amortization

15.7m32.4m49.4m18.8m37.9m56.3m21.8m45.2m69.3m25.7m

Cash From Operating Activities

30.1m69.6m99.1m20.5m47.2m104.1m29.2m211.1m50.2m

Purchases of PP&E

(10.0m)(15.9m)(26.6m)(11.8m)(31.8m)(50.2m)(11.8m)(19.9m)(27.8m)(14.5m)
USDFY, 2017

Revenue/Employee

183.7k

Financial Leverage

3.5 x
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Surgery Partners Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

States

29292932323232323131313130

Surgical Facilities

104104103124124125124124123123128128128

Ambulatory Surgical Centers

999998104106107106106108108113113112

Surgical Hospitals

5552018181818151515151.65 b
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Surgery Partners Acquisitions / Subsidiaries

Company NameDateDeal Size
National Surgical Healthcare, Inc.May 10, 2017$760 m
Riverside Pain PhysiciansJune 14, 2016
Delaware Outpatient Center for SurgeryFebruary 03, 2015
Symbion HoldingsJune 16, 2014$792 m
Novamed Inc.January 21, 2011
Lake Worth Surgery CenterAugust 14, 2007
Cypress Surgery CenterMarch 01, 2006
Advanced Pain Institute Treatment Center, LLC
Advanced Surgery Center, LLC
Afshin Gerayli, MD
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Surgery Partners Revenue Breakdown

Embed Graph

Surgery Partners revenue breakdown by business segment: 95.5% from Ancillary Services and 4.5% from Other

Surgery Partners Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Surgery Partners Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Surgery Partners Online and Social Media Presence

Embed Graph

Surgery Partners News and Updates

Surgery Partners, Inc. Announces First Quarter 2021 Results; Completes Refinancing Transactions

BRENTWOOD, Tenn., May 05, 2021 (GLOBE NEWSWIRE) -- Surgery Partners, Inc. (NASDAQ:SGRY) ("Surgery Partners" or the "Company"), a leading provider of surgical services, today announced results for the first quarter ended March 31, 2021.

Cross Keys Capital Advises Erie Retinal Surgery Partners on Partnership with OMNI Ophthalmic Management Consultants

Fort Lauderdale, FL, May 04, 2021 (GLOBE NEWSWIRE) -- Cross Keys Capital served as the exclusive M&A advisor to Erie Retinal Surgery (ERS) in its partnership with OMNI Ophthalmic Management Consultants (Omni). Erie Retinal Surgery is a single-specialty eye care center delivering high quality, …

Surgery Partners, Inc. Announces Term Loan Refinancing and Conversion of Preferred Stock; Provides Preliminary First Quarter 2021 Financial Performance Update

BRENTWOOD, Tenn., April 20, 2021 (GLOBE NEWSWIRE) -- Surgery Partners, Inc. (NASDAQ:SGRY) ("Surgery Partners" or the "Company"), a leading short-stay surgical facility owner and operator, announced its intent to raise incremental term loans, convert Series A Preferred Stock into Company Common Sto…

The Society for Vascular Surgery Partners with the Academy for Surgical Coaching to Take Wellness Support to the Next Level

New Customized, Peer-to-Peer Coaching Program Fills Gap in Health and Wellness Intervention for Vascular Surgeons New Customized, Peer-to-Peer Coaching Program Fills Gap in Health and Wellness Intervention for Vascular Surgeons

Surgery Partners, Inc. Announces First Quarter 2021 Earnings Release Date and Conference Call Details

BRENTWOOD, Tenn., April 06, 2021 (GLOBE NEWSWIRE) -- Surgery Partners, Inc. (NASDAQ:SGRY) ("Surgery Partners" or the "Company"), a leading short-stay surgical facility owner and operator, announced the Company will release its first quarter 2021 results before the market opens on Wednesday, May 5,…

Surgery Partners, Inc. Announces Fourth Quarter and Full Year 2020 Results

BRENTWOOD, Tenn., March 10, 2021 (GLOBE NEWSWIRE) -- Surgery Partners, Inc. (NASDAQ:SGRY) ("Surgery Partners" or the "Company"), a leading provider of surgical services, today announced results for the fourth quarter and full year ended December 31, 2020.
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Surgery Partners Blogs

Anderson & Shapiro Eye Care

Anderson & Shapiro Eye Care nikki Tue, 03/16/2021 - 14:08 Address 1200 John Q Hammons Drive #100 City Madison State …

LaPeer Surgery Center

LaPeer Surgery Center nikki Wed, 01/06/2021 - 13:14 Address 8920 Wilshire Blvd, Suite #101 City Beverly Hills State …

Bakersfield Heart Hospital

Bakersfield Heart Hospital nikki Fri, 12/18/2020 - 14:09 Address 3001 Sillect Ave City Bakersfield State …

NeoSpine - Bellevue

NeoSpine - Bellevue spadmin Fri, 06/26/2020 - 13:55 Address 1310 116th Ave NE, Suite A City Bellevue State …

NeoSpine - Burien

NeoSpine - Burien spadmin Fri, 06/26/2020 - 13:54 Address 275 SW 160th St., Suite 100 City Burien State …

NeoSpine - Gig Harbor

NeoSpine - Gig Harbor spadmin Fri, 06/26/2020 - 13:52 Address 4700 Point Fosdick Dr. NW, Suite 205 City Gig Harbor State …
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Surgery Partners Frequently Asked Questions

  • When was Surgery Partners founded?

    Surgery Partners was founded in 2004.

  • Who are Surgery Partners key executives?

    Surgery Partners's key executives are Tom Cowhey, Wayne S. Deveydt and Jennifer Baldock.

  • How many employees does Surgery Partners have?

    Surgery Partners has 6,900 employees.

  • What is Surgery Partners revenue?

    Latest Surgery Partners annual revenue is $1.9 b.

  • What is Surgery Partners revenue per employee?

    Latest Surgery Partners revenue per employee is $269.6 k.

  • Who are Surgery Partners competitors?

    Competitors of Surgery Partners include Renishaw, ImmunoCellular Therapeutics and Burjeel Hospital.

  • Where is Surgery Partners headquarters?

    Surgery Partners headquarters is located at 310 Seven Springs Way #500, Brentwood.

  • Where are Surgery Partners offices?

    Surgery Partners has an office in Brentwood.

  • How many offices does Surgery Partners have?

    Surgery Partners has 1 office.