Surgery Partners announced a proposed public offering of 6 million shares.
1. The company said it plans to use net proceeds from the public offering for general corporate purposes.
2. J.P. Morgan Securities and Jefferies are acting as lead book-running managers. The acting joint book-running managers for the public offering are Barclays Capital, KKR Capital Markets and Macquarie Capital.
3. Surgery Partners reported 2020 revenue of $1.86 billion on Jan. 11 and reaffirmed its EBITDA guidance as being $250 million to $260 million. The company had 116 ASCs and 17 short-stay surgical hospitals in its portfolio at the end of the year.
4. Despite the pandemic, Surgery Partners made 10 acquisitions last year for around $160 million and plans to deploy more than $100 million in capital in 2021.