September 28, 2016 1:23 AM ET

Healthcare Providers and Services

Company Overview of Surgical Care Affiliates, Inc.

Company Overview

Surgical Care Affiliates, Inc., together with its subsidiaries, owns and operates a network of multi-specialty ambulatory surgery centers and surgical hospitals primarily in the United States. The company’s ambulatory surgery centers (ASCs) and surgical hospitals primarily offer facilities, equipment, and medical support staff necessary for physicians to perform non-emergency surgical and other procedures in various specialties, such as orthopedics, ophthalmology, gastroenterology, pain management, otolaryngology, urology, and gynecology, as well as other general surgery procedures. As of December 31, 2015 it had an interest in and/or operated 185 ASCs, 7 surgical hospitals, and 1 sleep cent...

520 Lake Cook Road

Suite 250 and 255

Deerfield, IL 60015

United States

5,200 Employees

Phone:

847-236-0921

Key Executives for Surgical Care Affiliates, Inc.

Chairman, Chief Executive Officer and President
Age: 42
Total Annual Compensation: $795.4K
Chief Financial Officer and Executive Vice President
Age: 44
Total Annual Compensation: $726.3K
Chief Operating Officer and Executive Vice President
Age: 46
Total Annual Compensation: $439.1K
Chief Development Officer and Executive Vice President
Age: 60
Total Annual Compensation: $464.6K
Executive Vice President, General Counsel and Corporate Secretary
Age: 47
Total Annual Compensation: $400.4K
Compensation as of Fiscal Year 2015.

Surgical Care Affiliates, Inc. Key Developments

Surgical Care Seeks Acquisitions

So far this year, Surgical Care Affiliates, Inc. (NasdaqGS:SCAI) have added 14 new facilities to its portfolio and its acquisition pipeline continues to be strong. As of today, they have 203 facilities in its portfolio, up from 198 facilities as of the last call.

Surgical Care Affiliates, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reiterates Earnings Guidance for the Year 2016

Surgical Care Affiliates, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total net operating revenues of $299.9 million compared to $253.7 million a year ago. This increase was driven both organically, mainly through higher acuity case mix and increased volumes, and inorganically through additions of new facilities. Operating income was $55.1 million compared to $60.9 million a year ago. Income from continuing operations before income tax expense was $52.4 million compared to $47.9 million a year ago. Income from continuing operations was $48.1 million compared to $43.7 million a year ago. Net income attributable to the company was $5.7 or $0.14 per dilutive share compared to $4.6 million or $0.11 per dilutive share a year ago. Net cash from operating activities was $77.4 million compared to $78.1 million a year ago. Capital expenditures were $13.8 million compared to $11.0 million a year ago. Adjusted EBITDA-NCI was $47.7 million compared to $43.0 million a year ago. Adjusted net income was $19.1 million or $0.47 per diluted share compared to $19.9 million or $0.49 per diluted share a year ago. Adjusted operating cash flow was $77.9 million against $78.4 million a year ago. Adjusted Operating cash flow less distributions to NCI was $41.4 million against $39.4 million a year ago. For the six months, the company reported total net operating revenues of $579.6 million compared to $487.8 million a year ago. Operating income was $98.8 million compared to $109.7 million a year ago. Income from continuing operations before income tax expense was $91.9 million compared to $74.5 million a year ago. Income from continuing operations was $85.7 million compared to $66.4 million a year ago. Net income attributable to the company was $8.1 or $0.20 per dilutive share compared to loss of $4.6 million or $0.12 per dilutive share a year ago. Net cash from operating activities was $138.9 million compared to $116.7 million a year ago. Capital expenditures were $41.3 million compared to $19.0 million a year ago. Adjusted EBITDA-NCI was $89.2 million compared to $78.9 million a year ago. Adjusted net income was $30.3 million or $0.74 per diluted share compared to $35.0 million or $0.89 per diluted share a year ago. Adjusted operating cash flow was $139.4 million against $122.9 million a year ago. Adjusted Operating cash flow less distributions to NCI was $62.7 million against $49.2 million a year ago. The company reiterates the 2016 adjusted EBITDA less NCI growth guidance range of 13% to 16% provided in January 2016.

Surgical Care Affiliates, Inc. to Report Q2, 2016 Results on Aug 02, 2016

Surgical Care Affiliates, Inc. announced that they will report Q2, 2016 results at 9:00 AM, Eastern Standard Time on Aug 02, 2016

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