Surgery Partners Inc. (Nasdaq: SGRY) continues to benefit from the shift toward higher-acuity procedures being performed in lower-cost outpatient settings and surgical technology advancements. The increased demand for services linked to America’s rapidly aging population is likewise driving growth for the ambulatory surgery center (ASC) operator. Through the end of the second quarter, Surgery Partners deployed nearly $280 million on strategic acquisitions, including a $60 million deal in January. The ASC company targets about $200 million a year in M&A, meaning any other transactions Surgery Partners announced in 2024 will be “icing” on the cake, according to Executive Chairman Wayne DeVeydt.
Read the full article: After Spending $280M, Additional M&A Will Be ‘Icing’ for Surgery Partners //
Source: https://ascnews.com/2024/08/after-spending-280m-additional-ma-will-be-icing-for-surgery-partners/