Darspal S Mann
Long/short equity, growth at reasonable price, special situations, deep value

Surgery Partners: Bad House In A Great Neighborhood

Surgery Partners (NASDAQ:SGRY), the latest Ambulatory Surgical Centers (ASC) player to go public, is somewhat forgotten, post its IPO late last year. Now that the industry seems well positioned to benefit from the regulatory and other changes underway, one can expect that the name may find more mentions, but the business may take a while to gain a stable footing after the major acquisition and weak business fundamentals, even though the valuation seemed to be already priced for the best-case scenario. Investors might be well served to capitalize on the expected excitement to exit this somewhat low-quality execution story or study pairing options against a better-performing Surgical Care Affiliates (NASDAQ:SCAI).

Image Source: Surgery Partners SEC

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details