Last $29.43 USD
Change Today +0.09 / 0.31%
Volume 40.8K
SCAI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

surgical care affiliates inc (SCAI) Snapshot

Open
$29.14
Previous Close
$29.34
Day High
$29.46
Day Low
$28.90
52 Week High
01/15/14 - $37.69
52 Week Low
10/29/13 - $24.00
Market Cap
1.1B
Average Volume 10 Days
48.6K
EPS TTM
$-0.05
Shares Outstanding
38.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SURGICAL CARE AFFILIATES INC (SCAI)

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surgical care affiliates inc (SCAI) Details

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 June 30, 2014, it operated 178 surgical facilities, including ambulatory surgery centers, surgical hospitals, and 11 sleep centers. Surgical Care Affiliates, Inc. is headquartered in Deerfield, Illinois.

5,000 Employees
Last Reported Date: 03/24/14

surgical care affiliates inc (SCAI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $2.5M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $858.2K
Chief Development Officer and Executive Vice ...
Total Annual Compensation: $956.2K
Compensation as of Fiscal Year 2013.

surgical care affiliates inc (SCAI) Key Developments

DISC Sports & Spine Center and Surgical Care Affiliates, Inc. Form Joint Venture to Develop Innovative Model for Sustainable Healthcare

DISC Sports & Spine Center has formed a joint venture with Surgical Care Affiliates, Inc. The deal will create a national model of sustainable healthcare for the future by tapping the core strengths and competencies of both companies to elevate the quality of outpatient surgery, increase accountability and reduce the costs to consumers. As a result of the joint venture, SCA becomes a majority equity partner in DISC and will help evolve the business by providing daily management, while DISC--accredited by the AAAHC for clinical excellence--continues its day-to-day-clinical operations. In turn, DISC will collaborate with SCA to design national benchmarking programs for outpatient care, drawing upon standards that have allowed the center to safely and successfully handle high-acuity cases in the outpatient setting with higher patient satisfaction, fewer complications and a zero MRSA infection rate.

Surgical Care Affiliates, Inc. Appoints Lisa Skeete Tatum as Director, Effective from October 1, 2014

On September 17, 2014, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board increased the size of the Board from seven to eight directors and elected Lisa Skeete Tatum to fill the newly created directorship of Surgical Care Affiliates, Inc., effective October 1, 2014. Ms. Skeete Tatum will serve as a Class III director of the Board until the expiration of her term on the date of the Company’s annual meeting of shareholders in 2016 and until her successor is elected and qualified. Additionally, the Board approved the appointment of Ms. Skeete Tatum to the Audit Committee of the Board, effective October 1, 2014. She is a member of the 2012 Class of Henry Crown Fellows at the Aspen Institute and the Kauffman Fellows Class 4. Currently, Ms. Skeete Tatum is an advisor and investor based in Princeton, New Jersey.

Surgical Care Affiliates, Inc. Announces Unaudited Earnings Results for Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2014

Surgical Care Affiliates, Inc. announced unaudited earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported total net operating revenues of $212.40 million, operating income of $45.60 million, income from continuing operations before income tax expense of $37.20 million, income from continuing operations of $35.80 million, net income attributable to company of $6 million or $0.16 per basic share, adjusted EBITDA of $37.30 million, adjusted net income of $18.20 million or $0.47 per basic share compared to the total net operating revenues of $196.70 million, operating income of $43.50 million, income from continuing operations before income tax expense of $19.50 million, income from continuing operations of $18.50 million, net loss attributable to company of $9.80 million or $0.32 per basic share, adjusted EBITDA of $34.90 million, adjusted net income of $5.70 million or $0.19 per basic share for the same quarter a year ago. The increase in adjusted net income was primarily the result of the lower interest expense in the second quarter this year associated with the reduction of its debt during 2013. Net cash provided by operating activities was $42.3 million against $39.4 million a year ago. Capital expenditures of $9.7 million against $9.5 million a year ago. For the six months period, the company reported total net operating revenues of $407.80 million, operating income of $82.30 million, income from continuing operations before income tax expense of $61.60 million, income from continuing operations of $58.50 million, net income attributable to company of $6.30 million or $0.16 per basic share, adjusted EBITDA of $70.20 million, adjusted net income of $33.40 million or $0.87 per basic share compared to the total net operating revenues of $387.90 million, operating income of $89.60 million, income from continuing operations before income tax expense of $50.60 million, income from continuing operations of $46.30 million, net loss attributable to company of $11.20 million or $0.37 per basic share, adjusted EBITDA of $69.40 million, adjusted net income of $17.60 million or $0.58 per basic share for the same period a year ago. Net cash provided by operating activities was $86.7 million against $80.6 million a year ago. Capital expenditures were $18.2 million against $17.3 million a year ago. The company provided earnings guidance for the third quarter, fourth quarter and full year of 2014. The business continues to operate as expected and while they do not provide quarterly guidance, it is important to note that for the third quarter of 2014, they are expecting a modest growth rate in adjusted EBITDA less NCI, accelerating to a strong growth rate in the fourth quarter. 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.

 

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SCAI

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Valuation SCAI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 5.3x
Price/Cash Flow 84.3x
TEV/Sales 0.1x
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