Draft:Surgery Partners
Submission declined on 13 August 2025 by RangersRus (talk).
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| Submission declined on 10 July 2025 by Qcne (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Qcne 54 days ago.
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| Submission declined on 16 May 2025 by HickoryOughtShirt?4 (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Declined by HickoryOughtShirt?4 3 months ago. | |
Comment: See WP:ORGCRIT qcne (talk) 17:36, 10 July 2025 (UTC)
- Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. 74.51.14.207 (talk) 14:58, 16 May 2025 (UTC)
Surgery Partners, Inc. is an American healthcare services company headquartered in Brentwood, Tennessee. The company operates a network of surgical facilities, including ambulatory surgery centers (ASCs), surgical hospitals, and physician practices across the United States. Surgery Partners is publicly traded on NASDAQ under the ticker symbol SGRY.
History
[edit]Surgery Partners, Inc. was established in 2004 as a healthcare services company specializing in the development and management of ambulatory surgery centers (ASCs). In May 2011, the company acquired NovaMed, Inc., a publicly traded operator of ASCs with majority ownership in 37 centers across 19 states.[1] The transaction, valued at approximately $214 million, included the assumption or repayment of about $105 million of NovaMed's debt. Post-acquisition, NovaMed became a wholly owned subsidiary of Surgery Partners.
In November 2014, Surgery Partners acquired Symbion Holdings Corporation for $792 million.[2] This deal added 55 surgical facilities—including 49 ASCs and six surgical hospitals—to its network.
The company went public in October 2015, listing on NASDAQ under the ticker symbol SGRY.[3] In 2017, Bain Capital Private Equity acquired a controlling interest in Surgery Partners and supported its acquisition of National Surgical Healthcare.[4]
In 2018, Surgery Partners agreed to pay $55,252.32 to the US Department of Health and Human Services Office of Inspector General (OIG) for allegedly violating the Civil Monetary Penalties Law.[5] This incident occurred after Surgery Partners hired an individual it knew or should have known was excluded from participation in Federal healthcare programs. Surgery Partners self-disclosed its conduct with the OIG.
Operations
[edit]As of 2025, Surgery Partners operates more than 200 healthcare facilities across 33 U.S. states. Its network includes a variety of outpatient surgical centers, surgical hospitals, and diagnostic services. The organization collaborates with over 4,600 physicians across specialties including orthopedics, gastroenterology, ophthalmology, and pain management.
Corporate Governance
[edit]Key members of the company’s executive leadership include:
- Wayne S. DeVeydt, Executive Chairman
- Eric Evans, Chief Executive Officer
- David Doherty, Chief Financial Officer
Other members of the leadership team oversee strategy, operations, and legal affairs.
Strategic Partnerships and Developments
[edit]Surgery Partners has pursued growth through partnerships and strategic investments. In 2022, it formed a joint venture with ValueHealth to develop and operate outpatient surgical facilities.[6] In 2024, the company was added to the S&P SmallCap 600 Index.
In January 2025, Bain Capital, which held a 39% equity stake in Surgery Partners at the time, submitted a proposal to acquire the remaining outstanding shares of the company.[7] In June of the same year, Surgery Partners declined Bain Capital's bid to go private and remained a publicly traded company.[8]
Affiliated Partners
[edit]Surgery Partners maintains partnerships with health systems and physician organizations to extend its service model. Notable partnerships include:
- ValueHealth, for the co-development of ambulatory surgical facilities[6]
- Duly Health and Care, to broaden outpatient surgery services[9]
- OhioHealth, in a statewide ambulatory surgery joint venture in Ohio[10]
References
[edit]- ^ "NovaMed to be acquired by Surgery Partners". Healthcare Finance News. Retrieved 2025-05-21.
- ^ higcapitaldev (2014-11-04). "H.I.G. Capital's Portfolio Company Surgery Partners Completes Acquisition of Symbion Holdings Corporation, Creating One of the Largest ASC Chains in the U.S." H.I.G. Capital - Global Alternative Assets Investment Firm. Retrieved 2025-05-21.
- ^ Bloom, Michael (2025-07-28). "Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Nike, Microsoft, Walmart and more". CNBC. Retrieved 2025-08-13.
- ^ "Surgery Partners to acquire National Surgical Healthcare for about $760 mln". Reuters. 2017-05-10. Retrieved 2025-05-21.
- ^ "Surgery Partners Agreed to Pay $55,000 for Allegedly Violating the Civil Monetary Penalties Law by Employing an Excluded Individual". Office of Inspector General | Government Oversight | U.S. Department of Health and Human Services. 2021-01-06T10:09:51.744499-05:00. Retrieved 2025-08-13.
{{cite web}}: Check date values in:|date=(help) - ^ a b Inc, Surgery Partners. "SURGERY PARTNERS, INC. AND VALUEHEALTH, LLC ANNOUNCE STRATEGIC PARTNERSHIP". www.prnewswire.com (Press release). Retrieved 2025-05-21.
{{cite press release}}:|last=has generic name (help) - ^ K, Sneha S.; Roy, Sriparna; Roy, Sriparna (2025-01-28). "Bain Capital proposes to take Surgery Partners private". Reuters. Retrieved 2025-05-21.
- ^ "Surgery Partners rejects Bain Capital's take-private offer". Reuters. 2025-06-17. Retrieved 2025-08-13.
- ^ "Duly Health and Care and Surgery Partners Announce Partnership for Outpatient Ambulatory Surgery Centers". www.dulyhealthandcare.com. Retrieved 2025-05-21.
- ^ "OhioHealth and Surgery Partners Announce State-Wide Partnership for Ambulatory Surgical Care". OhioHealth and Surgery Partners Announce State-Wide Partnership for Ambulatory Surgical Care. Retrieved 2025-05-21.
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