S&P Expects Modest EBITDA Growth Driven by Increase in Volume for Surgery Center Holdings

Standard & Poor’s Rating Services has announced it has assigned a stable rating outlook for Surgery Center Holdings which reflects S&P’s expectation of modest EBITDA growth for the company driven by a rebound in volume.

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S&P further expects the reimbursement environment to remain stable in the near term.

 

Surgery Center Holdings, which operates 12 ambulatory surgery centers in Florida under the name Surgery Partners, was acquired by H.I.G. Capital in Dec. 2009. Surgery Partners is currently acquiring NovaMed at a deal valued at $198 million plus transaction fees and expenses.

 

S&P assigned its preliminary ‘B+’ corporate credit rating to Surgery Center Holdings.

 

Read the S&P news release about Surgery Center Holdings (free registration required to view release).

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