Surgery Partners

Surgery Partners (Nasdaq: SGRY) ended 2025 confronting problems that its leaders insist are temporary. Even so, the end-of-2025 challenges serve as a reminder to ambulatory surgery center (ASC) operators how quickly payer dynamics and physician transitions can disrupt even a scaled platform. “The year closed out against a challenging backdrop, with several headwinds impacting our business in ways we didn't anticipate,” Surgery Partners CEO Eric Evans said during a Tuesday morning earnings … [Read more...]

From seismic policy shifts to blockbuster deals and the accelerating migration of higher-acuity care into the outpatient setting, 2025 was a defining year for the ambulatory surgery center (ASC) industry. ASC News readers gravitated toward stories that captured an industry in transition – one balancing rapid growth and innovation with mounting regulatory action, reimbursement pressures, and questions about scale, ownership and independence. Clinical evolution was another important theme. … [Read more...]

Surgery Partners (Nasdaq: SGRY) remains committed to organizational growth and M&A as it enters the final quarter of the year.  That’s based on remarks by CEO Eric Evans during the company’s Q3 2025 earnings call on Nov. 10. Broadly, Surgery Partners is focused on its three growth pillars: organic growth, margin improvement and capital deployment for M&A to showcase ongoing execution and alignment with its long-term growth strategy.  Surgery Partners’ physicians performed … [Read more...]

The future looks promising for ambulatory surgery centers (ASCs) as the health care industry’s focus on cost efficiencies shifts toward where surgical procedures are performed.  Surgeries with increasing complexity, once limited to hospitals, are now shifting to ASCs, indicating continued growth for the foreseeable future. A recent Jefferies equity research report highlighted the structural tailwinds driving this transformation and projected 6% to 8% growth for the ASC sector through … [Read more...]

Surgery Ventures has named Shaun Cartwright chief operating officer, according to a post from the ambulatory surgery center (ASC) business on LinkedIn.  Cartwright has been with the organization since 2006 and most recently served as senior vice president of operations. He has overseen the creation of new leadership roles within the company, including the first assistant vice president of operations position. Specifically, Cartwright was responsible for Surgery Ventures’ Western Region, … [Read more...]

Surgery Partners Inc. (Nasdaq: SGRY) will remain an independent company – for now. On June 17, the Brentwood, Tennessee-based Surgery Partners announced that the special committee of independent directors that its board tasked with reviewing a go-private takeover bid from Bain Capital Private Equity has officially passed on the proposal. As a result, Surgery Partners has “concluded discussions related to Bain Capital’s non-binding proposal to acquire all the outstanding shares of Surgery … [Read more...]

Surgery Partners (Nasdaq: SGRY) has expanded its California footprint with the acquisition of multiple San Jose-based ambulatory surgery centers (ASCs) – two of the largest in the region. Financial terms of the deal – announced by Brentwood, Tennessee-based M&A advisory firm Bailey & Company on May 29 – were not disclosed. The transaction underscores Surgery Partners’ ongoing efforts to scale its national platform through targeted acquisitions, specialty growth and physician alignment. … [Read more...]

Gastrointestinal case growth led the way for Surgery Partners (Nasdaq: SGRY) in the first quarter of 2025, contributing to strong surgical volumes and a solid start to the year. While a heavier GI mix placed modest pressure on average reimbursement rates, overall case growth remained strong, with orthopedic procedures and de novo expansion also fueling momentum across the platform, Surgery Partners CEO Eric Evans said during a May 12 earnings call.  “GI case volumes are exceeding our … [Read more...]

The site-neutrality movement has rapidly become one of the most talked-about issues in health care. But what does it mean for ambulatory surgery center operators?  At its core, site neutrality is about leveling the playing field between different outpatient settings by eliminating the extra facility fees that hospital outpatient departments (HOPDs) often receive, Rachel Carey, counsel at Whiteford, Taylor & Preston LLP, told Ambulatory Surgery Center News. “It's a movement to … [Read more...]

For years, ambulatory surgery centers (ASCs) have operated at a reimbursement disadvantage compared to hospital outpatient departments (HOPDs) and other – often costlier – health care settings. Yet a growing push for site-neutral payments could soon level the playing field, potentially reshaping the financial landscape for ASCs, hospitals and payers alike. And Brentwood, Tennessee-based Surgery Partners (Nasdaq: SGRY) is embracing the movement wholeheartedly, according to CEO Eric … [Read more...]