Last €29.64 EUR
Change Today -0.208 / -0.70%
Volume 0.0
1S8 On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:17 AM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

surgical care affiliates inc (1S8) Snapshot

Open
€29.61
Previous Close
€29.85
Day High
€29.64
Day Low
€29.61
52 Week High
03/5/15 - €29.85
52 Week Low
05/13/14 - €19.35
Market Cap
1.1B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
38.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SURGICAL CARE AFFILIATES INC (1S8)

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surgical care affiliates inc (1S8) 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 (1S8) 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 (1S8) Key Developments

Surgical Care Affiliates, Inc. Intends to Replace the Existing Credit Facility with New $600 Million Senior Secured Credit Facility; Pete Clemens to Retire as Chief Financial Officer of the Company

Surgical Care Affiliates, Inc. announced that Pete Clemens, Chief Financial Officer (CFO), is planning to retire later the year 2015. Regarding the planned retirement of Mr. Clemens, the company has engaged an executive search firm to assist in recruiting a new CFO, and Mr. Clemens plans to work with his successor to jointly design a transition plan. The retirement decision is driven by personal considerations. The company also announced that it plans to refinance its debt in the coming weeks, in order to increase its capacity to fund growth initiatives. The company intends to pursue a refinancing of its outstanding senior secured credit facility, which was originally entered into in 2007 and is comprised of $596 million of term loan facilities and a $132 million revolving credit facility. The company intends to replace the existing credit facility with a new $600 million senior secured credit facility, to be comprised of a $350 million term loan and a $250 million revolving credit facility, and $350 million of new senior unsecured notes. The net proceeds of the new credit facility and notes would be used to repay all of the outstanding indebtedness under the existing credit facility, to pay the transaction costs associated with the refinancing and for general corporate purposes, including acquisitions and other development activities. The company intends to launch and close the refinancing transactions prior to the end of the first quarter of 2015.

Surgical Care Affiliates Seeks Acquisitions

Surgical Care Affiliates, Inc. (NasdaqGS:SCAI) is seeking acquisitions. Andrew Hayek, President and Chief Executive Officer, said, "We originally partnered in 2011 with two surgery centers. We've now grown that to seven. And we expect to add two or three per year in that market. So an example of tuck-in acquisitions go forward in market." Hayek added, “We see development with existing partners. So in-market tuck-in acquisitions. So this would be the kind that I describe with THR or Virtua or MemorialCare where we have an existing partner, an existing network and we're doing tuck-in acquisitions to add to that network in a very accretive manner.”

Surgical Care Affiliates, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-12-2015 04:30 PM

Surgical Care Affiliates, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-12-2015 04:30 PM. Venue: Westin St. Francis Hotel, San Francisco, California, United States. Speakers: Andrew P. Hayek, Chief Executive Officer, President and Director.

 

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Valuation 1S8 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 5.6x
Price/Cash Flow 34.5x
TEV/Sales 0.3x
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