Surgery Partners Inc. ( (SGRY) ) has released its Q4 earnings. Here is a breakdown of the information Surgery Partners Inc. presented to its investors.
Surgery Partners, Inc., headquartered in Brentwood, Tennessee, is a prominent healthcare services company specializing in outpatient surgical and ancillary care services across more than 200 locations in the United States.
In its latest earnings report, Surgery Partners announced a significant increase in revenue for the fourth quarter and full year 2024, with a 17.5% rise in the fourth quarter and a 13.5% increase for the full year. The company also reported a net loss attributable to Surgery Partners, Inc. of $108.5 million for the fourth quarter and $168.1 million for the full year.
Key financial highlights include a 15.1% increase in Adjusted EBITDA for the fourth quarter, reaching $163.8 million, and a 16.0% increase for the full year, totaling $508.2 million. The company also achieved a 30 basis point growth in its Adjusted EBITDA margin for the full year, reaching 16.3%. Additionally, Surgery Partners expanded its portfolio by opening eight new facilities and investing nearly $400 million in acquisitions.
Looking ahead, Surgery Partners projects its 2025 revenue to range between $3.30 billion and $3.45 billion, with Adjusted EBITDA expected to be between $555 million and $565 million. The company enters 2025 with a strong liquidity position of over $770 million, positioning it well for future growth and acquisitions without needing to access capital markets.