Surgery Partners public offering beats projections by $40M

Surgery Partners grossed $320.9 million in closing its underwritten public offering of 6.9 million shares, beating its projection by $41.9 million, according to a Nov. 15 news release.

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The stock was offered at a price of $46.50 per share.

The Brentwood, Tenn.-based company, among the largest ASC chains in the country with 4,000 affiliated physicians and 127 surgical facilities, said it plans to use the net proceeds for general corporate purposes, such as funding acquisitions and working capital, repaying indebtedness and capital expenditures.

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.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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