earnings
confidence high
sentiment positive
materiality 0.80
Surgery Partners Q1 revenue $596.2M (+16.4%), net income $12.2M; raises FY2022 guidance
Surgery Partners, Inc.
2022-Q1 EPS reported
$0.14
revenue$596,200,000
- Revenue $596.2M (+16.4% YoY); net income $12.2M vs prior-year net loss $31.3M.
- Days adjusted same-facility revenue +8.2%, case volume +6.3% vs prior-year quarter.
- Adjusted EBITDA $77.1M (+5.8% YoY); ex-CARES grants $76.1M (+22.3% YoY).
- Raised FY2022 guidance: revenue $2.5-2.6B, Adjusted EBITDA $375-385M.
- Finalized partnership with ValueHealth; acquired three ASCs and four ortho-focused de novos.