Surgery Partners, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022 at 07:30 am EDT
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Surgery Partners, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 615.4 million compared to USD 543.3 million a year ago. Net loss was USD 18.4 million compared to USD 26.9 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to USD 0.39 a year ago.
For the six months, sales was USD 1,211.6 million compared to USD 1,055.7 million a year ago. Net loss was USD 6.2 million compared to USD 47.9 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.94 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.94 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.