Here are five quick notes:
1. The company raised $271.4 million in a 14.3 million share offering with shares priced at $19 per share. This was below the original range of $23 to $26 per share.
2. On its first day trading on the market, the shares fell around 10.8 percent and the company was valued at around $818 million.
3. H.I.G. Capital owns Surgery Partners, with more than 80 percent stake in the company.
4. Surgery Partners currently operates 94 ASCs and five hospitals. Their centers span 28 states.
5. BofA Merrill Lynch, Goldman Sachs, Jeffries, Citigroup and Morgan Stanley were some of the underwriters for the IPO.
More articles on surgery centers:
10 new surgery centers in September 2015
15 things to know about gastroenterology for ASCs
Caring for uninsured patients: 4 key thoughts for ASC owners and operators
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.