Here are five things to know about the company’s growth:
1. The company launched in 2004 when H.I.G. Capital was brought on as a financial partner.
2. Surgery Partners acquired surgical facilities owner and operator National Surgical Healthcare from Irving Place Capital in a nearly $760 million deal. Bain Capital is purchasing H.IG.’s stake in Surgery Partners as part of their acquisition of National Surgical Healthcare.
3. The company currently owns and operates 98 ASCs.
4. Surgery Partners has controlling interest in eight urgent care centers, five surgical hospitals as well as 51 physician practices spanning 29 states.
5. Surgery Partners 2016 full year revenues increased 19.3 percent to $1.1 billion. Net income jumped from $1.4 million in 2015 to $9.5 million in 2016. The adjusted EBITDA increased 13.4 percent in 2016 to $179.3 million.
More articles on surgery centers:
5 best practices for spine surgery in ASCs
Tenet shares jump 1.1%: 3 quick notes
Long-anticipated decision over Vermont ASC may come soon following board appointments
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.