August 01, 2014 9:38 PM ET

Healthcare Providers and Services

Company Overview of Surgical Care Affiliates, Inc.

Company Overview

Surgical Care Affiliates, Inc., through its subsidiaries, owns and operates multi-specialty ambulatory surgery centers (ASCs) and surgical hospitals in the United States. Its ASCs and surgical hospitals provide facilities, equipment, and medical support staff for physicians to perform non-emergency surgical and other procedures in various specialties, including orthopedics, ophthalmology, gastroenterology, pain management, otolaryngology, urology, and gynecology, as well as other general surgery procedures. As of December 31, 2013, it had 171 ASCs, 5 surgical hospitals, and 1 sleep center with 11 locations. Surgical Care Affiliates, Inc. is headquartered in Deerfield, Illinois.

520 Lake Cook Road

Suite 250

Deerfield, IL 60015

United States

5,000 Employees

Phone:

847-236-0921

Key Executives for Surgical Care Affiliates, Inc.

Chief Executive Officer
Age: 40
Total Annual Compensation: $2.5M
Chief Operating Officer and Executive Vice President
Age: 44
Total Annual Compensation: $858.2K
Chief Development Officer and Executive Vice President
Age: 58
Total Annual Compensation: $956.2K
Compensation as of Fiscal Year 2013.

Surgical Care Affiliates, Inc. Key Developments

Surgical Care Affiliates, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for 2014; Reports Asset Impairments for the First Quarter Ended March 31, 2014

Surgical Care Affiliates, Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total net operating revenues of $196.0 million compared with $192.0 million for the same period last year. Operating earnings was $36.6 million compared with $46.0 million for the same period last year. Income from continuing operations before income tax expense was $24.4 million compared with $31.0 million for the same period last year. Income from continuing operations was $22.6 million compared with $27.7 million for the same period last year. Net income attributable to the company was $0.2 million or $0.01 basic per share compared with net loss attributable to the company of $1.4 million or $0.05 basic per share for the same period last year. Net cash provided by operating activities was $44.4 million compared with $41.2 million for the same period last year. Capital expenditures were $8.5 million compared with $7.8 million for the same period last year. Adjusted net income was $15.2 million or $0.40 basic per share compared with $11.8 million or $0.39 basic per share for the same period last year. Adjusted EBITDA-NCI was $32.9 million against $34.5 million a year ago. For 2014, the company is reiterating its previous guidance that it expects Adjusted EBTIDA less NCI to be in the range of $154 million to $158 million, which includes the impact of weather and other items discussed in this release on its business that occurred in the first quarter. For the first quarter, the company reported asset impairments of $0.3 million against $0.2 million a year ago.

Surgical Care Affiliates, Inc. to Report Q1, 2014 Results on May 12, 2014

Surgical Care Affiliates, Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 12, 2014

Surgical Care Affiliates, Inc., Q1 2014 Earnings Call, May 13, 2014

Surgical Care Affiliates, Inc., Q1 2014 Earnings Call, May 13, 2014

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Date
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Merger/Acquisition
July 18, 2014
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Merger/Acquisition
January 7, 2014
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January 7, 2014
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