Schroder Investment Management Group strengthens stake in Surgical Care Affiliates; Surgery Partners shares rally 8.4%, increasing market cap to $749.1M & more — 4 key notes

Here are four updates on ASC management companies to note.

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Schroder Investment Management Group increased its stake in Deerfield, Ill.-based Surgical Care Affiliates by 11.6 percent during the third quarter of fiscal year 2016. Schroder Investment Management Group’s total stake in SCA totals $21.39 million.

SCA CEO and Chairman Andrew Hayek will present on the company’s earning guidance for 2017. He will announce the guidance at the J.P. Morgan 35th Annual Healthcare Conference on Jan. 9, 2017, in San Francisco.

Mizuho analysts downgraded Nashville, Tenn.-based AmSurg shares from a “buy” to a “neutral” rating. Mizuho has a $71 price target on AmSurg shares.

Nashville, Tenn.-based Surgery Partners shares increased 8.42 percent on Dec. 21, 2016. The recent gains boosted the company’s market cap to $749.13 million.

If you have a question, issue or note to suggest on an ASC management and development company please contact Mary Rechtoris at mrechtoris@beckershealthcare.com.

More articles on surgery centers:
Mizuho downgrades AmSurg shares: 4 notes
SCA CEO Andrew Hayek to present 2017 earnings guidance
AmSurg operates 260 ASCs at end of Q3; Tenet stock down 51.2% so far in 2016 & more — 4 ASC company key notes

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