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Surgery Partners, Inc. (SGRY) Q1 2021 Earnings Call Transcript


Operator
Greetings, welcome to Surgery Partners, Inc. First Quarter 2021 Earnings Call. [Operator Instructions] Please note, this conference call is being recorded.
I will now turn the conference over to your host, Tom Cowhey, CFO. Thank you. You may begin.
Tom Cowhey
Executive Vice President and Chief Financial Officer
Good morning and welcome to Surgery Partners first quarter 2021 earnings call. This is Tom Cowhey, Chief Financial Officer. Joining me today are Wayne DeVeydt, Surgery Partners Executive Chairman; and Eric Evans, Surgery Partners Chief Executive Officer.
As a reminder, during this call we will make forward-looking statements. Risk factors that may impact those statements and could cause actual future results to differ materially from currently projected results are described in this morning s press release and the reports we file with the SEC. The company does not undertake any duty to update such forward-looking statements. ....

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Surgery Partners, Inc. (SGRY) Q1 2021 Earnings Call Transcript


Surgery Partners, Inc. (SGRY) Q1 2021 Earnings Call Transcript
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Surgery Partners, Inc. (NASDAQ: SGRY)
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Operator
Greetings, welcome to Surgery Partners, Inc. First Quarter 2021 Earnings Call. [Operator Instructions] Please note, this conference call is being recorded.
I will now turn the conference over to your host, Tom Cowhey, CFO. Thank you. You may begin.SPONSORED:
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Surgery Partners lands upgrade on debt refinancing


Shares of Brentwood-based Surgery Partners were up 9 percent on Wednesday after the company announced the refinancing of a $120 million loan it sought last April to ride out the suspension of elective surgeries as COVID-19 spread. 
Surgery Partners leaders are raising $125 million in incremental term loans to refinance the $119 million in debt
, a move that will save the company about $5 million in interest annually. The previous loan carried an interest rate of LIBOR plus 8 percent. 
The transaction earned CEO Eric Evans and his team an upgrade from Moody’s Investors Service, which also noted the company’s improved liquidity and operating performance. Moody analysts are also optimistic of growth plans stemming from Surgery Partner’s $260 million equity raise that was closed in February and that includes new service lines, buying robotic equipment and an expansion of the company’s joint and cardiology programs.  ....

Eric Evans , Moody Investors Service , Brentwood Based Surgery Partners , Investors Service , Surgery Partner , Bain Capital , எரிக் எவன்ஸ் , மனநிலை முதலீட்டாளர்கள் சேவை , ப்ரெண்ட்வுட் அடிப்படையிலானது அறுவை சிகிச்சை கூட்டாளர்கள் , முதலீட்டாளர்கள் சேவை , அறுவை சிகிச்சை கூட்டாளர் , பைன் மூலதனம் ,

Surgery Partners, Inc. (SGRY) Q4 2020 Earnings Call Transcript


Operator
Greetings and welcome to Surgery Partners Fourth Quarter and Year End 2020 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Tom Cowhey, Chief Financial Officer. Thank you, sir. You may begin.
Tom Cowhey
Executive Vice President and Chief Financial Officer
Good morning and welcome to Surgery Partners fourth quarter and year-end 2020 earnings call. This is Tom Cowhey, Chief Financial Officer. Joining me today are Wayne DeVeydt, Surgery Partners Executive Chairman; and Eric Evans, Surgery Partners Chief Executive Officer.
As a reminder, during this call, we will make forward-looking statements. Risk factors that may impact those statements and could cause actual future results to differ materially from currently projected results are described in this morning s press release and the reports we file with the SEC. The Company does not undertake any duty to update such forward-looking statements. ....

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