Surgery Partners revenue jumps 16.4%: 6 notes 

Brentwood, Tenn.-based Surgery Partners’ revenue jumped to $596.2 million in the first quarter of 2022, a 16.4 percent increase from the first quarter a year prior.

Advertisement

Here are six more updates from the company’s first quarter revenue results, released May 3:

1.  Surgery Partners’ same-facility revenues increased 8.2 percent from the prior year period. Same-facility case volume increased 6.3 percent. 

2. Adjusted earnings before interest, taxes, depreciation and amortization increased 5.8 percent over the prior year period, to $7.7 million. 

3. As of March 31, Surgery Partners had 127 surgical facilities. 

4. Surgery Partners posted a net loss of $31.3 million in the first quarter. 

5. Surgery Partners had $328.9 million in cash and cash equivalents at the end of first quarter.

6. Surgery Partners performed over 142,000 surgical cases in the first quarter, with growth across all specialties.

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.