SGRY - Surgery Center Partners: Growth Has Come To A Halt

Introduction

Surgery Partners Inc.(SGRY) is a fairly unique company that owns a variety of free standing outpatient surgery centers and other medical buildings. They typically own the property or a piece of it but also get revenue from a management fee they provide for helping their physician partners run the facility.

Interestingly, while it may be eligible, SPI is not structured as a REIT but rather as a normal C-Corp.

Source: Q1 2020 Presentation

Recent Results

The past few years SPI has been engaged in growth through acquiring and developing new facilities, funded