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May 23, 2015 6:26 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 (ASCs) and surgical hospitals in the United States. It’s ASCs and surgical hospitals primarily provide the 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, 2014, the company had an interest in and/or operated 179 ambulatory surgery centers, 6 surgical hospitals, and 1 sleep center in 34 st...

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, President and Director
Age: 40
Total Annual Compensation: $1.1M
Chief Operating Officer and Executive Vice President
Age: 44
Total Annual Compensation: $469.9K
Chief Development Officer and Executive Vice President
Age: 58
Total Annual Compensation: $493.4K
Compensation as of Fiscal Year 2014.

Surgical Care Affiliates, Inc. Key Developments

Surgical Care Affiliates, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for the Year of 2015

Surgical Care Affiliates, Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total net operating revenues of $234.1 million compared with $192.7 million for the same period last year. Operating income was $48.8 million compared with $36.9 million for the same period last year. Income from continuing operations before income tax expense was $26.6 million compared with $24.8 million for the same period last year. Income from continuing operations was $22.8 million compared with $23.1 million for the same period last year. Net loss attributable to the company was $9.2 million or $0.24 per basic and diluted share compared with net income attributable to the company of $0.2 million or $0.01 per basic and diluted share for the same period last year. Net cash provided by operating activities was $38.6 million compared with $44.4 million for the same period last year. Capital expenditures were $8 million compared with $8.5 million for the same period last year. Adjusted net income was $15 million or $0.39 basic per share compared with $15.1 million or $0.38 basic per share for the same period last year. Adjusted EBITDA-NCI was $35.9 million against $32.4 million a year ago. Adjusted operating cash flow was $44.4 million against $44.5 million a year ago. The increase in operating Revenue was driven by revenues earned from acquisitions, higher acuity case mix and higher volumes in some of the company's larger facilities. Adjusted net income in the first quarter of 2015 was essentially unchanged from the same quarter last year due to the increase in acquisition activity and the impact of converting three existing facilities from nonconsolidated affiliates to consolidated affiliates. For 2015, the company reiterates its original 2015 guidance, which it initially disclosed in January. The company continues to expect 2015 adjusted EBITDA less NCI growth to be in the range of 8% to 11%.

Surgical Care Affiliates, Inc. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-13-2015 05:00 PM

Surgical Care Affiliates, Inc. Presents at Bank of America Merrill Lynch 2015 Health Care Conference, May-13-2015 05:00 PM. Venue: Encore at the Wynn, 3131 S Las Vegas Blvd, Las Vegas, Nevada, United States. Speakers: Andrew P. Hayek, Chief Executive Officer, President and Director.

Surgical Care Affiliates, Inc. to Report Q1, 2015 Results on May 11, 2015

Surgical Care Affiliates, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 11, 2015

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