Surgery Partners, Inc. operates a healthcare delivery model focused on short-stay surgical facilities and related ancillary services. The company's core business involves owning and operating ambulatory surgery centers (ASCs) and surgical hospitals across the United States, typically in partnership with local physicians. These facilities specialize in non-emergency, scheduled surgical procedures across various medical specialties, including orthopedics, pain management, ophthalmology, gastroenterology, and general surgery.
The company operates through a single reportable segment, Surgical Facilities, which accounts for substantially all of its revenue. This segment encompasses the operation of over 170 surgical facilities, including more than 150 ASCs and nearly 20 licensed surgical hospitals located across approximately 30 states. In addition to facility operations, Surgery Partners provides a suite of complementary ancillary services, such as anesthesia services, multi-specialty physician practices, and urgent care facilities, which support its core surgical operations and capture additional revenue streams.
Surgery Partners generates revenue primarily by billing patients, health plans, and government programs for the use of its facilities and the clinical services provided. The company's competitive position is driven by the broader healthcare industry trend of shifting high-acuity procedures from traditional inpatient hospitals to more efficient outpatient settings. By partnering directly with physicians, Surgery Partners aligns clinical and operational goals, driving case volume and operational efficiency while maintaining a strong geographic footprint across the U.S.
