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SGRY US​

Surgery Partners, Inc.(SGRY US)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Surgery Partners, Inc. — Company Profile

Surgery Partners, Inc. operates a nationwide network of surgical facilities and associated medical services across the United States. Its business is categorized into two segments: Surgical Facility Services and Ancillary Services. These surgical venues include both ambulatory surgery centers and dedicated surgical hospitals, delivering non-urgent surgical procedures across various specialties such as gastroenterology, general surgery, ophthalmology, orthopedics, and pain management. The surgical hospitals additionally offer comprehensive ancillary services, including diagnostic imaging, pharmacy, laboratory, obstetrics, oncology, physical therapy, and wound care. The dedicated Ancillary Services segment further encompasses multi-specialty physician practices, urgent care facilities, and anesthesia services. By December 31, 2021, the company's portfolio consisted of 126 surgical facilities—specifically, 108 ambulatory surgical centers and 18 surgical hospitals—situated across 31 states. Founded in 2004, Surgery Partners, Inc. maintains its headquarters in Brentwood, Tennessee.

Sector
Consumer Staples
Industry
Personal Care Products
Exchange
UQ
CEO
J. Eric Evans
Headquarters
Brentwood, TN, US
IPO Date
Sep 30, 2015
Employees
16,000
Website
www.surgerypartners.com

Key Metrics

Price
$13.32
Market Cap
$1.74B
Revenue (TTM)
$810.90M
Net Income (TTM)
$-35900000.00
EPS (TTM)
-0.28
P/E (TTM)
-22.89
P/B (TTM)
1.03
Dividend Yield
0.00%
ROE (TTM)
-2.13%
ROA (TTM)
-0.45%
Operating Margin
10.16%
Beta
0.52

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Surgery Partners, Inc. operates a nationwide network of surgical facilities and associated medical services across the United States. Its business is categorized into two segments: Surgical Facility Services and Ancillary Services. These surgical venues include both ambulatory surgery centers and dedicated surgical hospitals, delivering non-urgent surgical procedures across various specialties such as gastroenterology, general surgery, ophthalmology, orthopedics, and pain management. The surgical hospitals additionally offer comprehensive ancillary services, including diagnostic imaging, pharmacy, laboratory, obstetrics, oncology, physical therapy, and wound care. The dedicated Ancillary Services segment further encompasses multi-specialty physician practices, urgent care facilities, and anesthesia services. By December 31, 2021, the company's portfolio consisted of 126 surgical facilities—specifically, 108 ambulatory surgical centers and 18 surgical hospitals—situated across 31 states. Founded in 2004, Surgery Partners, Inc. maintains its headquarters in Brentwood, Tennessee.

Website
www.surgerypartners.com
Location
Brentwood, TN, US
Phone615 234 5900
Employees16,000
CEOJ. Eric Evans
Sector
Consumer Staples
Industry
Personal Care Products
IPO DateSep 30, 2015

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Leadership and capital allocation history.

Latest Documents

SEC Filings(827)

Expand
  • SC 13GSurgery Partners, Inc.13 Oct
  • 8-KCompletion of Acquisition or Disposition of Assets17 Sep
  • 4/AStatement of changes in beneficial ownership (amendment)20 Aug
  • 4Statement of changes in beneficial ownership19 Aug
  • SC 13GSurgery Partners, Inc.14 Aug
  • 10-QQ2ended 30 Jun 202610 Aug
  • 8-KResults of Operations and Financial Condition10 Aug
  • 8-KEntry into a Material Definitive Agreement24 Jul
  • 4Statement of changes in beneficial ownership14 Jul
  • 4Statement of changes in beneficial ownership9 Jun
  • 4Statement of changes in beneficial ownership9 Jun
  • 4Statement of changes in beneficial ownership9 Jun
  • 4Statement of changes in beneficial ownership9 Jun
  • 4Statement of changes in beneficial ownership9 Jun
  • 4Statement of changes in beneficial ownership9 Jun
  • 4Statement of changes in beneficial ownership9 Jun
  • 8-KSubmission of Matters to a Vote of Security Holders5 Jun
  • SC 13G/ASurgery Partners, Inc.15 May
  • SC 13G/ASurgery Partners, Inc.6 May
  • 10-QQ1ended 31 Mar 20265 May

News

  • Larry Robbins Opens New Position in Surgery Partners Inc (SGRY) -- Shares Look 39% Undervalued on GF Value15 Oct
  • Surgery Partners (SGRY) Soars 15.7%: Is Further Upside Left in the Stock?23 Sep
  • Surgery Partners: A 'Buy' After Idaho Falls Asset Divestment23 Sep
  • Surgery Partners Completes Sale of Ownership Interests in Idaho Falls Facilities to Intermountain Health; Updates Guidance to Include Impact of the Transaction17 Sep
  • Surgery Partners Director Teresa DeLuca Buys 11,250 Shares3 Sep
  • 6,241,503 Shares in Surgery Partners, Inc. $SGRY Purchased by BlackRock Inc.30 Aug
  • Likely ETF & Stock Winners From July Jobs Report11 Aug
  • Surgery Partners (NASDAQ:SGRY) Shares Gap Up Following Strong Earnings11 Aug
  • Surgery Partners, Inc. (SGRY) Q2 2026 Earnings Call Transcript10 Aug
  • Surgery Partners Q2 Earnings Call Highlights10 Aug
  • Surgery Partners (SGRY) Q2 Earnings and Revenues Beat Estimates10 Aug
  • Is Surgery Partners Inc (SGRY) a Bargain After 3.1% Drop? GF Value Says Undervalued31 Jul
  • Strength Seen in Surgery Partners (SGRY): Can Its 5.3% Jump Turn into More Strength?30 Jul
  • Surgery Partners Monetizes Idaho Assets As It Chases Faster Growth24 Jul
  • Surgery Partners Announces Entry Into Agreement to Sell Ownership Interests in Idaho Falls Facilities to Intermountain Health; Reaffirms Guidance, Excluding Impact of Transaction24 Jul

Mentions in Filings

  • … om October 2018 to August 2020. Prior to Envision, Ms. Sparks was the interim Chief Financial Officer at Brookdale Senior Living and, before that, she served as Executive Vice President and Chief Financial Officer of <strong>Surgery Partners</strong>, which acquired Symbion, Inc. in November 2014, until January 2018. Ms. Sparks also served in various positions with Symbion, including Senior Vice President and Chief Financial Officer. Ms. Sparks began her career a …
    InnovAge Holding Corp.Surgery Partners, Inc.·DEF 14A - Definitive proxy statement·Q2 27·22 Oct
  • #\*Surgery Partners, Inc. 468,138 6,956,531 \*Tactile Systems Technology, Inc. 149,241 4,307,095
    Dimensional ETF TrustSurgery Partners, Inc.·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … 4x Priory Group $ 1,224,170 Behavioral MEDIAN 673, 556 Post Acute 2.3x Ernest Health 615, 530 Post Acute 2.5x Swiss Medical Network 593, 592 General Acute 2.0x 2.1x Aspris Children’s Services 241, 808 Behavioral 5.6x <strong>Surgery Partners</strong> 214, 471 General Acute 193, 421 General Acute 3.0x Pipeline Health System Prime Healthcare 154, 757 General Acute 2.2x Vibra Healthcare 150, 993 Post Acute 2.8x 2.1x IMED Hospitales 129, 058 General Acute 2.7x Other …
    MPT Operating Partnership, L.P.Surgery Partners, Inc.·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q3 26·10 Aug
  • … Chief Financial Officer. Mr. Zieselman will function as the Company’s Principal Accounting Officer for Securities and Exchange Commission (“SEC”) reporting purposes. Mr. Zieselman, age 50, joins the Company from <strong>Surgery Partners, Inc.</strong>, where he has served as its Senior Vice President, Corporate Finance and Controller since May 2022. Prior to Surgery Partners, Inc., Mr. Zieselman served Stryker Corporation as its Vice President, Finance Operatio …
    Solventum CorpSurgery Partners, Inc.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q3 26·20 Jul
  • … ealth Holdings, LLC | — | 223 | | Aquatic Sales Solutions, LLC | 58 | 58 | | ARC Health OPCO, LLC | 9,543 | 13,138 | | Arctic Acquisition Sub, LLC | 11,782 | — | | ASC Ortho Management, LLC | — | 7 | | Ascend Plastic <strong>Surgery Partners</strong> MSO LLC | 4,197 | 19,880 | | Ascent Lifting, Inc. | — | 2,500 | | ASP Global Holdings, LLC | 5,502 | 6,595 | | Assembly Holdco, LLC | 5,555 | — | | AWI Group, LLC | 5,418 | 2,918 | | Baker Manufacturing Company, LLC …
    TPG Twin Brook Capital Income FundSurgery Partners, Inc.·424B3 - Prospectus filing (Rule 424(b)(3))·Q3 26·12 Aug
  • … 2026 | 38 | | 35 | | 4 | | 0.00 | % | | ASC Ortho Management Company, LLC (8) | First lien senior secured term loan | S + | 9.00% | 12.99% | 7/28/2023 | 12/31/2026 | 517 | | 480 | | 50 | | 0.00 | % | | Ascend Plastic <strong>Surgery Partners</strong> MSO LLC | First lien senior secured delayed draw term loan | S + | 5.50% | 9.16% | 5/3/2024 | 5/3/2029 | 4,948 | | 4,881 | | 4,882 | | 0.18 | % | | Ascend Plastic Surgery Partners MSO LLC (6) | First lien senior secu …
    TPG Twin Brook Capital Income FundSurgery Partners, Inc.·10-Q - Quarterly report Q2·Q2 26·10 Aug

Key Stats

Trading

Px/Chg 1D$13.32 / +0.68%
Avg Volume1.53M
Beta0.52
Mkt Cap1.74B
FD Mkt Cap1.74B

Float

Shrs Out/Float130.79M / 77.94M
Short Float0.19%
Days to Cover10.42
Stock Repurchased$0.00

Current Valuation

EV7.38B
EV/EBITDA7.70
EV/Sales2.21
P/B1.03
P/S0.52
FCF Yield-0.25%
ROE-2.13%
ROA-0.45%
Current Ratio1.86

Estimates

P/E-22.89
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-104.42-66.30-270.23-16.63-120.42-48.53
Price / Sales1.541.431.170.902.042.15
Price / Book Value1.421.811.621.561.051.03
Price / Free Cash Flow-61.9846.2915.6913.3319.94-405.14
ENTERPRISE VALUE METRICS
Enterprise Value7,573.77,551.77,456.18,074.37,405.27,381.1
Enterprise Value / Sales5.152.972.722.598.379.10
Enterprise Value / EBITDA28.8316.4216.7116.1025.0969.83
Enterprise Value / EBIT41.8221.8822.7323.1531.48109.84

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue10.4%2,225.12,539.32,743.33,114.33,308.7
Gross Income11.7%491.4574.9647.5745.6765.0
EBITDA9%401.0460.0446.1501.4565.5
EBIT6.5%302.2345.2328.0348.8389.5
Net Income2.4%-70.9-54.6-11.9-168.1-77.9
EPS (Diluted)-14.1%-1.12-0.59-0.09-1.33-0.61
BALANCE SHEET
Cash & ST Inv-11.4%389.9282.9195.9269.5239.9
Total Assets7.7%6,117.66,682.16,876.77,890.08,242.0
Total Liabilities5.4%3,817.83,399.23,514.84,254.84,715.2
Total Shareholder Equity12%1,089.01,998.21,987.21,789.71,712.9
CASH FLOW
Net Operating Cash Flow33.2%87.1158.8293.8300.1274.3
Cap Ex8.1%-57.6-80.6-88.8-90.4-78.7
Free Cash Flow60.5%29.578.2205.0209.7195.6

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)15.77
Basic Shares130.79
Market Cap2,062.5
Diluted Shares128.37
Fully Diluted Shares Outstanding128.37
Fully Diluted Market Cap2,024.3
+Consolidated Debt4,028.0
−In-the-Money Convertible Debt—
+Capital Leases1,158.3
+Operating Leases—
−Cash & Equivalents-182.3
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest1,793.3
+Pension Liabilities—
Enterprise Value7,701.5

Segment data

Revenue

by Products and services

  • Healthcare Organization, Patient Service49%
  • Private Insurance26%
  • Government Revenue21%
  • Self-pay Revenue1%
  • Other Services1%

Revenue

by Geography

  • Idaho100%

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