Surgery Partners, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 10, 2021 at 07:04 am EST
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Surgery Partners, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 1,860.1 million compared to USD 1,831.4 million a year ago. Operating income was USD 183 million compared to USD 235.9 million a year ago. Net loss was USD 116.1 million compared to USD 74.8 million a year ago. Basic loss per share from continuing operations was USD 3.19 compared to USD 2.29 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.