Surgery Partners, Inc. Common Stock
SGRYSurgery Partners, Inc. (SGRY) is a healthcare company that provides outpatient surgical services through a network of surgical facilities across the United States. The company focuses on delivering specialized procedures in areas such as outpatient surgery, endoscopy, pain management, and other ambulatory care services, aiming to improve patient outcomes and streamline healthcare delivery.
Company News
AirSculpt Technologies appointed Mike Doyle as Non-Executive Chairman of its Board of Directors. Doyle brings over 30 years of leadership experience in multi-center healthcare and has previously led Surgery Partners and founded MD Healthcare Partners.
Surgery Partners experienced a significant stock drop of nearly 25% after reporting Q3 earnings that missed analyst expectations, with lower-than-anticipated non-GAAP earnings and revenue, despite a 7% year-over-year revenue growth.
Surgery Partners, Inc. has received a non-binding acquisition proposal from Bain Capital to acquire all outstanding shares not already owned by Bain Capital for $25.75 per share. A special committee of independent directors will consider the proposal with the assistance of advisors.
Netflix reported mixed Q2 results, with better-than-expected earnings but weaker guidance. Intuitive Surgical saw strong Q2 results, with a 17% increase in procedures. Plug Power announced a $200 million stock offering, while Surgery Partners is exploring strategic options including a potential sale.
Teladoc (TDOC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
