Surgery Partners, Inc. IPO Info
Company Name: Surgery Partners, Inc.
Stock Symbol: SGRY
Exchange: NASDAQ
Status: Priced
IPO Date: 10/1/2015
IPO Price:
19.00 (
7.84%)
Underwriters
BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies, Citigroup, Morgan Stanley, Credit Suisse, Raymond James, Stifel, RBC Capital Markets
Amount of Offering: N/A
Number of Shares Offered: 14.3 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Surgery Partners is a leading healthcare services company with a differentiated outpatient delivery model focused on providing high quality, cost effective solutions for surgical and related ancillary care in support of its patients and physicians.
Financial Data
Financial commentary: "Our pro forma revenue for 2014 was $871.2 million, which represents a compound annual growth rate (�CAGR�) of approximately 83% compared to revenue of $260.2 million for the year ended December 31, 2012. For the six months ended June 30, 2015, our revenue was $457.0 million, compared to revenue of $147.3 million for the same period during 2014. In 2014, on a pro forma basis, we experienced a net loss of $8.6 million as compared to net income of $1.9 million for the year ended December 31, 2012. For the six months ended June 30, 2015, we experienced a net loss of $12.2 million as compared to $4.7 million for the same period during 2014. Our pro forma Adjusted EBITDA was $153.3 million for 2014, representing an approximately 74% CAGR when compared to Adjusted EBITDA of $51.0 million for the year ended December 31, 2012. For the six months ended June 30, 2015, our Adjusted EBITDA was $74.4 million as compared to Adjusted EBITDA of $30.0 million for the same period during 2014."
SEC Filings
News Headlines
