Surgery Partners, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 03, 2022 at 07:30 am EDT
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Surgery Partners, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 596.2 million compared to USD 512.4 million a year ago. Net income was USD 12.2 million compared to net loss of USD 21 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to basic loss per share from continuing operations of USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to diluted loss per share from continuing operations of USD 0.57 a year ago.
Surgery Partners, Inc. is a healthcare services company. The Company, through its subsidiaries, owns and operates a national network of surgical facilities and ancillary services. Its segments include Surgical Facility Services and Ancillary Services. The Surgical Facility Services segment consists of the operation of ASCs and surgical hospitals and includes its anesthesia services. Its surgical facilities primarily provide non-emergency surgical procedures across many specialties, including, among others, orthopedics and pain management, ophthalmology, gastroenterology and general surgery. The Ancillary Services segment consisted of multi-specialty physician practices, including physician practices owned and operated pursuant to long-term management service agreements. It is focused on surgical services businesses in the United States, with over 180 locations in 33 states, including ambulatory surgery centers, short-stay surgical hospitals, and multi-specialty physician practices.