Surgery Partners falls on downbeat full-year revenue outlook

Shares of surgical facility operator Surgery Partners SGRY.O fall 21.66% to $12.44

Co said late on Monday it expects FY26 revenue in the range of $3.35 billion to $3.45 billion, below analysts' estimate of $3.53 billion, according to data complied by LSEG

Posts Q4 adjusted profit of 12 cents per share, missing analysts' estimate of 30 cents per share

"Our fourth-quarter results reflect a degree of margin pressure, which impacted our full-year performance," CFO Dave Doherty said, adding that the full-year guidance reflects a "measured approach to navigate near-term operating environment"

"The 4Q shortfall is being blamed on three surgical hospitals that are all seeing a variety of pain points that accelerated throughout the quarter" - Leerink Partners analysts

SGRY shares were down over 27% in 2025