Surgery Partners, Inc. reported a revenue increase of 6.6% for the third quarter of 2025, reaching $821.5 million compared to $770.4 million in the same period of 2024. The growth was attributed to same-facility revenue increases and the impact of acquisitions and divestitures completed over the past year. Patient service revenues, which account for the majority of total revenues, rose by 6.0% to $798.5 million, driven by a 6.3% increase in same-facility revenues and a 3.4% increase in case volumes. Despite the revenue growth, the company reported a net loss attributable to Surgery Partners, Inc. of $22.7 million, an improvement from a loss of $31.7 million in the prior year.

Operating expenses for the third quarter increased to $715.8 million from $709.5 million year-over-year, with cost of revenues rising to $626.2 million, primarily due to higher case volumes and the performance of high-acuity procedures. General and administrative expenses decreased to $22.4 million from $29.2 million, reflecting improved cost management. The company also reported an operating income of $105.7 million, up from $60.9 million in the previous year, and Adjusted EBITDA increased by 6.1% to $136.4 million.

In terms of strategic developments, Surgery Partners acquired a controlling interest in four surgical facilities and five physician practices for a total cash consideration of $52.6 million during the third quarter. The company continues to focus on enhancing its same-facility performance and expanding its portfolio through selective acquisitions. As of September 30, 2025, Surgery Partners operated 165 surgical facilities across 30 states, with a majority interest in 81 of these facilities.

The company’s financial position showed a decrease in cash and cash equivalents to $203.4 million from $269.5 million at the end of 2024. Total assets increased to $7.95 billion, while total liabilities rose to $4.80 billion, leading to stockholders' equity of $3.14 billion. The company’s long-term debt, net of current maturities, increased to $3.46 billion, reflecting ongoing investments and acquisitions. Looking ahead, Surgery Partners anticipates continued revenue growth driven by operational improvements and strategic acquisitions, despite potential challenges from market conditions and regulatory changes.

About Surgery Partners, Inc.

Surgery Partners, Inc. operates a national network of outpatient surgical facilities, including ambulatory surgery centers and surgical hospitals, providing elective, non-emergency procedures across multiple specialties. Serving primarily U.S. patients, the company focuses on high-quality, cost-effective care, physician partnerships, and strategic acquisitions. Its business model emphasizes operational efficiency, physician engagement, and regulatory compliance within the outpatient healthcare services sector.

This description was generated via AI from an annual report. Updated 8 months ago.

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