Surgery Partners adds debt capacity

Expansion with new lenders come shortly after so-so IPO
Oct 12, 2015 7:14 AM

Surgery Partners tries to claw its way back to IPO price

At one point, stock was 26% below bottom end of targeted price range
Oct 1, 2015 12:34 PM

Surgery Partners IPO falls well short of price range

CEO of Symbion buyer will ring Nasdaq closing bell today
Oct 1, 2015 7:42 AM

Symbion buyer preps IPO

Burton Hills-based company would net $325M at mid-point price
Sep 28, 2015 7:05 AM

Surgery Partners buys Delaware ASC

Post-Symbion merger, company enters 29th state
Feb 4, 2015 1:01 PM

Symbion buyer to divest surgery center in FTC settlement

Surgery Center Holdings' acquisition of local competitor Symbion has closed, but the Chicago company will be required by the Federal Trade Commission to divest an Florida surgery center.

The settlement to sell Blue Springs Surgery Center, which avoids further litigation for the parties, is representative of continued scrutiny of health care companies by antitrust agencies, says Bass Berry & Sims. The $792 million acquisition of Symbion, formerly based out of Green Hills, closed earlier this month.

From the FTC complaint:

The merger would combine ownership of the only two multi-speciality ambulatory surgery centers in Orange City, Florida...The likely ultimate effect of the merger would be that prices of outpatient surgical services sold to commercial health plans and commercially insured patents would rise above competitive levels, and there would be a decrease in the quality or availability of outpatient surgical services in the area.

Nov 20, 2014 8:40 AM

Symbion's sale is a done deal

Surgery Center Holdings has wrapped up its $792 million acquisition of locally based competitor Symbion. The combined company will generate total revenues of more than $900 million from facilities in 26 states. As part of the deal, CEO Richard Francis and President and COO Cliff Adlerz have resigned from their positions, starting the clock on their noncompete and nonsolicitation agreements.

Nov 5, 2014 1:41 PM

Earnings wrap: Symbion, Community First

Per-case revenue growth lifts surgery center owner; loss provision reversal helps bank holding company
Aug 11, 2014 7:19 AM

Owner selling Symbion for $792M

Local company’s CEO, COO have signed noncompetes with buyer based in Chicago, Tampa
Jun 13, 2014 1:57 PM

Earnings wrap: Sitel, Symbion, Community First

Call center operator to raise $75M in stock sale, discontinued operations hurt surgery center chain, Treasury auctions TARP stake in Columbia bank
May 12, 2014 7:30 AM