Surgery Partners raises full-year guidance to $3B+ amid 14.2% revenue jump 

Brentwood, Tenn.-based Surgery Partners’ revenues jumped 14.2% to $762.1 million for the second quarter of 2024, according to the company’s financial report released Aug. 6. 

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Here are five more notes on the report:

1. Surgery Partners’ same-facility revenues increased 9.9% and same-facility cases increased 3.9% for the second quarter.

2. Surgery Partners’ earnings before interest, taxes, depreciation, and amortization was $118.3 million, a 18.1% jump compared to the prior year period. 

3. Surgery Partners’ full year guidance was raised to more than $3 billion in revenue and more than $508 million in adjusted EBITDA. 

4. Surgery Partners also deployed nearly $220 million on transactions, CEO Eric Evans said in the release. 

5. “Our year-to-date acquisitions and robust de novo pipeline, coupled with execution on all of our key growth levers gives us confidence in our continued growth including an updated outlook for the remainder of 2024,” he said. 

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.

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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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