Revenue Update on Surgery Partners Inc(NASDAQ:SGRY)

Surgery Partners Inc(NASDAQ:SGRY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $289.68M. Analysts estimated a revenue of $274.50M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.14.

In a different note, KeyBanc said it Initiates Coverage on Surgery Partners Inc, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Overweight’ by the firm.

Several Insider Transactions has been reported to the SEC. On Oct 23, 2015, Michael Thomas Doyle (Chief Executive Officer) sold 152,966 shares at $19.00 per share price.

Surgery Partners Inc. is a healthcare services company. The Company has differentiated outpatient delivery model focused on providing solutions for surgical and related ancillary care in support of its patients and physicians. It operates through three segments: Surgical Facility Services segment Ancillary Services segment and Optical Services segment. The Surgical Facility Services segment consists of the operation of ASCs and surgical hospitals and includes its anesthesia services. The Ancillary Services Segment consists of a diagnostic laboratory a specialty pharmacy and multi-specialty physician practices. The Optical Services Segment consists of an optical laboratory an optical products group purchasing organization and a marketing business. As of August 17 2015 the Company owned or operated primarily in partnership with physicians a portfolio of 99 surgical facilities which consist of 94 ambulatory surgery centers (ASCs) and five surgical hospitals across 28 states.

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