Surgery Partners, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 04:20 pm EDT
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Surgery Partners, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 559.2 million compared to USD 496.1 million a year ago. Net loss was USD 22.9 million compared to USD 61.6 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 1.46 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 1.46 a year ago.
For the nine months, sales was USD 1,614.9 million compared to USD 1,311.8 million a year ago. Net loss was USD 70.8 million compared to USD 121.6 million a year ago. Basic loss per share from continuing operations was USD 1.19 compared to USD 3.09 a year ago. Diluted loss per share from continuing operations was USD 1.19 compared to USD 3.09 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.