Becker's Healthcare August 2, 2023
Surgery Partners reported increased net income for the second quarter of 2023 and raised its full year adjusted EBITDA guidance.
Six things to know:
1. Surgery Partners reported $667.6 million quarterly revenue, up 8.5 percent year-over year. The revenue reporting included an $8 million “cyber event” headwind. Same-facility revenue was up 8.3 percent and hit $4,302 per case.
2. Net income attributable to the company hit $18.9 million for the second quarter, compared to $18.4 million loss over the same period last year. Adjusted EBITDA was $100.2 million, up 16.4 percent for the quarter and improving by more than 100 basis points year-over-year to 15 percent.
3. Surgery Partners expects 2023 full year revenue to exceed $2.75 billion and free...
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