Surgery Partners insiders ditching company stock: 11 things to know

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Brentwood, Tenn.-based Surgery Partners has watched its stock lose more than a third of its value since recording an all-time high of $67.05 this June. The NASDAQ listed the company's stock at $41.50 on Oct. 6.

Here are 11 things to know:

  1. The biggest single sale by an insider in the last year was when the chief growth officer Anthony Taparo sold $3.2 million worth of shares on May 10 at a price of $50.55 per share.
  1. The above sale represented 37 percent of Mr. Taparo's stake.
  1. The company released its second-quarter financial report Aug. 4, showing a 45 percent revenue increase year over year to $543.3 million. Net loss was $26.9 million.
  1. During the second quarter of 2021, total joint replacement volume grew 144 percent at Surgery Partners facilities, and one-third of those cases were for Medicare beneficiaries.
  1. Meadowbrook Endoscopy Center in Long Island, N.Y., joined the Surgery Partners network in August. The 20-physician group's ASC has four operating rooms.
  1. Surgery Partners aims to execute more than $400 million in transactions this year.
  1. Since September 2020, company insiders as a whole have sold more shares than they've bought. They have sold 185,998 shares worth over $9.5 million, while they have bought only 2,000 shares totaling just over $93,000.
  1. Since June, company insiders have sold at least 7,898 shares worth almost $500,000. 
  1. From March to June, insiders sold 173,185 shares totaling nearly $9 million. No insider sales were made in that period.
  1. All shares bought by company insiders in the past year have occurred between June and October 2021.
  1. The company's stock performance over the last six months proportionally lags behind the parent companies of three of its main competitors: Dallas-based United Surgical Partners International; Deerfield, Ill.-based Surgical Care Affiliates; and Nashville, Tenn.-based HCA Healthcare.

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