KeyBanc Starts Surgical Care Affiliates (SCAI) at Hold

KeyBanc initiated coverage on Surgical Care Affiliates (NASDAQ: SCAI) with a Hold rating.

Analyst Jason Gurda said, "While we acknowledge the Company’s (1) above-average organic growth trends, driven by its differentiated strategy focused on developing ambulatory surgery centers (ASCs) in partnerships with leading regional and national hospital systems, as well as its opportunities to benefit from (2) further consolidation of the fragmented ASC industry, & (3) an increased focus on cost efficient care driven by healthcare reform, we believe current valuation fairly reflects the Company’s growth prospects and potential risks, including SCAI’s recent mixed track record of execution around quarterly results and 62%-owner TPG Funds’ potential to sell shares in the future, which could serve as an overhang."

For an analyst ratings summary and ratings history on Surgical Care Affiliates click here. For more ratings news on Surgical Care Affiliates click here.

Shares of Surgical Care Affiliates closed at $31.87 yesterday.

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