SCA to Offer 9.8M Shares, Aims to Raise $220M With IPO

On Sept. 5, Surgical Care Affiliates filed for an initial public offering and now intends to raise $220 million through its IPO, according to a Seeking Alpha report.

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The company will offer 9.8 million shares priced between $21 and $24. If the stock prices reach $22.50 per share, SCA is expected to have a market value of $860 million.

According to SCA’s S-1 balance sheet for the six months ending June 30, the company had net operating revenues of $388.5 million and a net income of $42.2 million.  

Surgical Care Affiliates currently owns or operates 167 ambulatory surgery centers in partnership with 2,000 physician partners and 42 health systems.

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