2017 Q4 Form 10-Q Financial Statement

#000163883317000044 Filed on November 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3
Revenue $460.3M $132.3M
YoY Change 50.44% -53.21%
Cost Of Revenue $338.7M $102.9M
YoY Change 58.09% -48.89%
Gross Profit $121.6M $29.33M
YoY Change 32.57% -63.91%
Gross Profit Margin 26.42% 22.18%
Selling, General & Admin $51.20M $45.00M
YoY Change 28.64% 22.62%
% of Gross Profit 42.09% 153.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.40M $3.330M
YoY Change 73.58% -65.72%
% of Gross Profit 15.13% 11.35%
Operating Expenses $69.70M $120.3M
YoY Change 38.29% -49.83%
Operating Profit $51.94M $11.93M
YoY Change 25.6% -72.17%
Interest Expense -$30.30M -$15.88M
YoY Change 26.78% -40.01%
% of Operating Profit -58.33% -133.18%
Other Income/Expense, Net $25.50M $17.40M
YoY Change 3542.86% -524.39%
Pretax Income $72.80M -$2.859M
YoY Change 70.49% -122.62%
Income Tax $7.900M -$211.0K
% Of Pretax Income 10.85%
Net Earnings -$32.18M -$9.140M
YoY Change -290.82% 290.93%
Net Earnings / Revenue -6.99% -6.91%
Basic Earnings Per Share -$0.83 -$0.57
Diluted Earnings Per Share -$0.83 -$0.57
COMMON SHARES
Basic Shares Outstanding 48.77M shares 48.31M shares
Diluted Shares Outstanding 48.31M shares

Balance Sheet

Concept 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.9M $199.7M
YoY Change 150.93% 261.78%
Cash & Equivalents $174.9M $214.2M
Short-Term Investments
Other Short-Term Assets $38.50M $15.48M
YoY Change 239.58% 49.04%
Inventory $44.95M $44.52M
Prepaid Expenses $16.84M $18.42M
Receivables $288.0M $271.1M
Other Receivables $14.20M $19.90M
Total Short-Term Assets $563.2M $573.7M
YoY Change 55.61% 74.51%
LONG-TERM ASSETS
Property, Plant & Equipment $398.5M $388.7M
YoY Change 95.06% 94.74%
Goodwill $3.347B $3.269B
YoY Change 115.2% 113.48%
Intangibles $58.91M $56.75M
YoY Change 22.67% 16.59%
Long-Term Investments $77.70M $67.50M
YoY Change 96.71% 71.32%
Other Assets $48.67M $19.13M
YoY Change 196.11% 38.34%
Total Long-Term Assets $4.060B $4.028B
YoY Change 108.93% 109.8%
TOTAL ASSETS
Total Short-Term Assets $563.2M $573.7M
Total Long-Term Assets $4.060B $4.028B
Total Assets $4.623B $4.602B
YoY Change 100.56% 104.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.71M $73.25M
YoY Change 70.22% 64.78%
Accrued Expenses $122.9M $99.30M
YoY Change 73.1% 42.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $58.70M $48.50M
YoY Change 111.15% 66.67%
Total Short-Term Liabilities $303.0M $275.0M
YoY Change 62.27% 53.94%
LONG-TERM LIABILITIES
Long-Term Debt $2.252B $2.562B
YoY Change 53.51% 81.58%
Other Long-Term Liabilities $222.5M $116.8M
YoY Change 191.72% 33.59%
Total Long-Term Liabilities $222.5M $116.8M
YoY Change 191.72% 33.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $303.0M $275.0M
Total Long-Term Liabilities $222.5M $116.8M
Total Liabilities $525.5M $391.8M
YoY Change 99.81% 47.25%
SHAREHOLDERS EQUITY
Retained Earnings -$41.32M -$9.140M
YoY Change -86.73% -97.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $654.7M $695.4M
YoY Change
Total Liabilities & Shareholders Equity $4.623B $4.602B
YoY Change 100.56% 104.64%

Cashflow Statement

Concept 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income -$32.18M -$9.140M
YoY Change -290.82% 290.93%
Depreciation, Depletion And Amortization $18.40M $3.330M
YoY Change 73.58% -65.72%
Cash From Operating Activities $54.40M -$1.222M
YoY Change 68.42% -106.47%
INVESTING ACTIVITIES
Capital Expenditures -$9.000M $1.840M
YoY Change -15.89% -123.0%
Acquisitions $1.163M
YoY Change
Other Investing Activities -$26.90M $0.00
YoY Change 37.24% -100.0%
Cash From Investing Activities -$35.80M -$3.003M
YoY Change 18.15% -85.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $3.609M
YoY Change
Cash From Financing Activities -43.40M -$10.28M
YoY Change -447.2% -277.24%
NET CHANGE
Cash From Operating Activities 54.40M -$1.222M
Cash From Investing Activities -35.80M -$3.003M
Cash From Financing Activities -43.40M -$10.28M
Net Change In Cash -24.80M -$14.51M
YoY Change -271.03% -492.03%
FREE CASH FLOW
Cash From Operating Activities $54.40M -$1.222M
Capital Expenditures -$9.000M $1.840M
Free Cash Flow $63.40M -$3.062M
YoY Change 47.44% -111.38%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2017Q3 us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
2633000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Period End Date
DocumentPeriodEndDate
2017-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001638833
CY2017Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
48769296 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Surgery Partners, Inc.
CY2017Q3 sgry Amortizationof Unfavorable Lease Liability
AmortizationofUnfavorableLeaseLiability
27000 USD
CY2017Q3 sgry Business Acquisition Contingent Acquisition Compensation Liability Current
BusinessAcquisitionContingentAcquisitionCompensationLiabilityCurrent
7866000 USD
CY2017Q3 sgry Business Combination Contingent Acquisition Expense
BusinessCombinationContingentAcquisitionExpense
605000 USD
CY2017Q3 sgry Business Combination Gain Loss On Acquisition Escrow
BusinessCombinationGainLossOnAcquisitionEscrow
0 USD
sgry Business Combination Integration Related Costs And Merger Costs
BusinessCombinationIntegrationRelatedCostsAndMergerCosts
2400000 USD
CY2017Q3 sgry Business Combination Integration Related Costs And Merger Costs
BusinessCombinationIntegrationRelatedCostsAndMergerCosts
3457000 USD
CY2017Q3 sgry Business Combination Practice Acquisition Costs
BusinessCombinationPracticeAcquisitionCosts
606000 USD
sgry Business Combination Practice Acquisition Costs
BusinessCombinationPracticeAcquisitionCosts
2100000 USD
CY2017Q3 sgry Business Combination Practice Acquisition Costs
BusinessCombinationPracticeAcquisitionCosts
474000 USD
CY2016Q3 sgry Business Combination Practice Acquisition Costs
BusinessCombinationPracticeAcquisitionCosts
607000 USD
sgry Business Combination Practice Acquisition Costs
BusinessCombinationPracticeAcquisitionCosts
2200000 USD
CY2017Q3 sgry Debt Instrument Prepayment Penalty Amount
DebtInstrumentPrepaymentPenaltyAmount
0 USD
CY2017Q3 sgry Deferred Income Tax Liability Gain On Amendment Of Liability
DeferredIncomeTaxLiabilityGainOnAmendmentOfLiability
1100000 USD
CY2017Q3 sgry Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
14842000 USD
CY2017Q3 sgry Escrow Deposit Current
EscrowDepositCurrent
4571000 USD
CY2017Q3 sgry Escrow Deposit Noncurrent
EscrowDepositNoncurrent
19600000 USD
CY2017Q3 sgry Escrow Liability Current
EscrowLiabilityCurrent
4571000 USD
CY2017Q3 sgry Escrow Liability Noncurrent
EscrowLiabilityNoncurrent
19600000 USD
CY2017Q3 sgry Gain Loss On Amendment To Tax Receivable Agreement
GainLossOnAmendmentToTaxReceivableAgreement
1098000 USD
CY2017Q3 sgry Incentive Payments Recognizedfor Certain Hospitalsand Physician Practices That Demonstrate Meaningful Useof Certified Electronic Health Record Technology
IncentivePaymentsRecognizedforCertainHospitalsandPhysicianPracticesThatDemonstrateMeaningfulUseofCertifiedElectronicHealthRecordTechnology
-7000 USD
CY2017Q3 sgry Increaseof Revenueas Resultof Changesin Estimatesto Thirdparty Settlements Relatedto Prior Years
IncreaseofRevenueasResultofChangesinEstimatestoThirdpartySettlementsRelatedtoPriorYears
0 USD
CY2017Q3 sgry Intangible Assets Professional Recruitment Expense
IntangibleAssetsProfessionalRecruitmentExpense
38000 USD
CY2017Q3 sgry Lease Obligation Noncurrent
LeaseObligationNoncurrent
90052000 USD
CY2017Q3 sgry Medical Malpractice Liability Noncurrent
MedicalMalpracticeLiabilityNoncurrent
13453000 USD
CY2017Q3 sgry Non Controlling Interest Acquisitions And Disposals Of Interests Held By Non Controlling Interest Holders Net
NonControllingInterestAcquisitionsAndDisposalsOfInterestsHeldByNonControllingInterestHoldersNet
-19000 USD
CY2017Q3 sgry Number Of Surgical Facilities Owned
NumberOfSurgicalFacilitiesOwned
124 surgical_facility
CY2017Q3 sgry Numberof Surgical Facilities Owned Consolidated
NumberofSurgicalFacilitiesOwnedConsolidated
109 surgical_facility
CY2017Q3 sgry Numberof Surgical Facilities Owned Majority Interest
NumberofSurgicalFacilitiesOwnedMajorityInterest
85 surgical_facility
CY2017Q3 sgry Optical Products Receivable
OpticalProductsReceivable
8369000 USD
CY2017Q3 sgry Redeemable Noncontrolling Interest Decrease From Distributions To Noncontrolling Interest Holders
RedeemableNoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
730000 USD
CY2017Q3 sgry Redeemable Noncontrolling Interest Increase Decrease From Redemptions Or Purchase Of Interests
RedeemableNoncontrollingInterestIncreaseDecreaseFromRedemptionsOrPurchaseOfInterests
91000 USD
CY2017Q3 sgry Tax Receivable Agreement Expense
TaxReceivableAgreementExpense
0 USD
CY2017Q3 sgry Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
837000 USD
CY2017Q3 sgry Tax Receivable Agreement Liability Noncurrent
TaxReceivableAgreementLiabilityNoncurrent
68148000 USD
CY2017Q3 sgry Third Party Settlements Payable Current
ThirdPartySettlementsPayableCurrent
1400000 USD
CY2017Q3 sgry Variable Interest Entity Numberof Facilities
VariableInterestEntityNumberofFacilities
3 Anesthesia_Practice
CY2017Q3 sgry Variable Interest Entity Numberof Facilities
VariableInterestEntityNumberofFacilities
3 Practice
CY2017Q3 sgry Variable Interest Entity Numberof Facilities
VariableInterestEntityNumberofFacilities
5 surgical_facility
CY2017Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
73251000 USD
CY2017Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
271140000 USD
CY2017Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
10287000 USD
CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets
2729000 USD
CY2017Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
704054000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2648000 USD
CY2017Q3 us-gaap Cost Of Revenue
CostOfRevenue
102924000 USD
CY2017Q3 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
AdjustmentsToAdditionalPaidInCapitalIncreaseInCarryingAmountOfRedeemablePreferredStock
15566000 USD
CY2017Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1683000 USD
CY2017Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3690000 USD
CY2017Q3 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-103000 USD
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
271000 USD
CY2017Q3 us-gaap Assets
Assets
4601854000 USD
CY2017Q3 us-gaap Assets Current
AssetsCurrent
573659000 USD
CY2017Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5033000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
5600000 USD
CY2017Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
2983000 USD
CY2017Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
3000000 USD
CY2016Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
1900000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
6400000 USD
CY2017Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
2300000 USD
CY2017Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
16340000 USD
CY2017Q3 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
19200000 USD
CY2017Q3 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
700000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199701000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
214206000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-14505000 USD
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2017Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
48769296 shares
CY2017Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48769296 shares
CY2017Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
488000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9140000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6492000 USD
CY2017Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
0 USD
CY2017Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1804000 USD
CY2017Q3 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
1804000 USD
CY2017Q3 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
0 USD
CY2017Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-465000 USD
CY2017Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
120500000 USD
CY2017Q3 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
209207000 USD
CY2017Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3330000 USD
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.38
CY2017Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
42439000 USD
CY2017Q3 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
9100000 USD
CY2017Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
253000 USD
CY2017Q3 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
66000 USD
CY2017Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-333000 USD
CY2017Q3 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
-16400000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7777000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
3270309000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
3269225000 USD
CY2017Q3 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1214000 USD
CY2017Q3 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-130000 USD
CY2017Q3 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2859000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
712000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
203000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-211000 USD
CY2017Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
8618000 USD
CY2017Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2795000 USD
CY2017Q3 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2919000 USD
CY2017Q3 us-gaap Insurance Receivable For Malpractice Current
InsuranceReceivableForMalpracticeCurrent
2837000 USD
CY2017Q3 us-gaap Insurance Receivable For Malpractice Noncurrent
InsuranceReceivableForMalpracticeNoncurrent
6835000 USD
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
56507000 USD
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
56750000 USD
CY2017Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-15883000 USD
CY2017Q3 us-gaap Interest Payable Current
InterestPayableCurrent
23777000 USD
CY2017Q3 us-gaap Inventory Net
InventoryNet
44523000 USD
CY2017Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
64427000 USD
CY2017Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
41784000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4601854000 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
275012000 USD
CY2017Q3 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
2853000 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2144862000 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
48472000 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
2193334000 USD
CY2017Q3 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
8618000 USD
CY2017Q3 us-gaap Minority Interest
MinorityInterest
683733000 USD
CY2017Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5714000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10280000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3003000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1222000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-9140000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6492000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1054000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27339000 USD
CY2017Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-3702000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2017Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
32 state
CY2017Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
7893000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
120332000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11926000 USD
CY2017Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6858000 USD
CY2017Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33076000 USD
CY2017Q3 us-gaap Other Assets Current
OtherAssetsCurrent
15482000 USD
CY2017Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4847000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19133000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2017Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8000000 USD
CY2017Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
106279000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
116799000 USD
CY2017Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
0 USD
CY2017Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
3597000 USD
CY2017Q3 us-gaap Payables To Customers
PayablesToCustomers
15087000 USD
CY2017Q3 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4000 USD
CY2017Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6444000 USD
CY2017Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2017Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1163000 USD
CY2017Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1840000 USD
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
53724000 USD
CY2017Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18418000 USD
CY2017Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2017Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017Q3 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2017Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2017Q3 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
30000 USD
CY2017Q3 us-gaap Professional Fees
ProfessionalFees
11254000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
-2648000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross Excluding Capital Leased Assets
PropertyPlantAndEquipmentGrossExcludingCapitalLeasedAssets
391426000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
388697000 USD
CY2017Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3690000 USD
CY2017Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
271416000 USD
CY2017Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
271001000 USD
CY2017Q3 us-gaap Redeemable Noncontrolling Interest Equity Preferred Redemption Value
RedeemableNoncontrollingInterestEquityPreferredRedemptionValue
326882000 USD
CY2017Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3609000 USD
CY2017Q3 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
315000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-9140000 USD
CY2017Q3 us-gaap Revenues
Revenues
132258000 USD
CY2017Q3 us-gaap Security Deposit
SecurityDeposit
2794000 USD
CY2017Q3 us-gaap Self Insurance Reserve
SelfInsuranceReserve
16600000 USD
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1683000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
695402000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1379135000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1405086000 USD
CY2017Q3 us-gaap Supplies Expense
SuppliesExpense
35028000 USD
CY2017Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
6731000 USD
CY2017Q3 us-gaap Temporary Equity Accretion Of Dividends
TemporaryEquityAccretionOfDividends
2633000 USD
CY2017Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
15566000 USD
CY2017Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
15566000 USD
CY2017Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
326882000 USD
CY2017Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
310000000 USD
CY2017Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1316000 USD
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2633000 USD
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48314746 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48314746 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;text-align:left;padding-left:24px;text-indent:-24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">Surgery Partners, Inc.</font><font style="font-family:inherit;font-size:9pt;">,</font><font style="font-family:inherit;font-size:10pt;"> a </font><font style="font-family:inherit;font-size:9pt;">Delaware corporation (together with its subsidiaries, the &#8220;Company&#8221;), was formed on April 2, 2015, as a holding company for the purpose of facilitating an initial public offering (the &#8220;IPO&#8221;) of shares of common stock. Prior to September 30, 2015, the Company conducted business through Surgery Center Holdings, Inc. and its subsidiaries. Surgery Center Holdings, LLC was and is the sole indirect owner of the equity interests of Surgery Center Holdings, Inc. and has no other material assets. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">On September 30, 2015, Surgery Partners, Inc. became the direct parent and sole member of Surgery Center Holdings, LLC (the "Reorganization"). In the Reorganization, all of the equity interests held by the pre-IPO owners of Surgery Center Holdings, LLC were contributed to Surgery Partners, Inc. in exchange for </font><font style="font-family:inherit;font-size:9pt;">33,871,990</font><font style="font-family:inherit;font-size:9pt;"> shares of common stock of Surgery Partners, Inc. and certain rights to additional payments under a tax receivable agreement. After giving effect to the Reorganization, Surgery Partners, Inc. is a holding company, and its sole material asset is an equity interest in Surgery Center Holdings, LLC. On October&#160;1, 2015, the Company completed its IPO of </font><font style="font-family:inherit;font-size:9pt;">14,285,000</font><font style="font-family:inherit;font-size:9pt;"> shares of common stock at an offering price of </font><font style="font-family:inherit;font-size:9pt;">$19.00</font><font style="font-family:inherit;font-size:9pt;"> per share.</font></div><div style="line-height:120%;padding-bottom:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">On August 31, 2017, the Company completed its acquisition of NSH Holdco, Inc. (&#8220;NSH&#8221;). Pursuant to the terms of the Agreement and Plan of Merger, dated as of May 9, 2017, by and among the Company, SP Merger Sub, Inc., a wholly owned subsidiary of the Company, NSH, and IPC / NSH, L.P. (solely in its capacity as sellers&#8217; representative), as amended by that certain Letter Amendment, dated as of July 7, 2017 (as amended, the &#8220;NSH Merger Agreement&#8221;), SP Merger Sub, Inc. merged with and into NSH with NSH continuing as the surviving corporation and a wholly owned subsidiary of Surgery Center Holdings, Inc. (the &#8220;NSH Merger&#8221;). Also on August 31, 2017, (i) the Company completed the sale and issuance of </font><font style="font-family:inherit;font-size:9pt;">310,000</font><font style="font-family:inherit;font-size:9pt;"> shares of the Company's preferred stock, par value </font><font style="font-family:inherit;font-size:9pt;">$0.01</font><font style="font-family:inherit;font-size:9pt;"> per share, designated as </font><font style="font-family:inherit;font-size:9pt;">10.00%</font><font style="font-family:inherit;font-size:9pt;"> Series A Convertible Perpetual Participating Preferred Stock (the &#8220;Series A Preferred Stock&#8221;) to BCPE Seminole Holdings LP (&#8220;Bain&#8221;), an affiliate of Bain Capital Private Equity, at a purchase price of </font><font style="font-family:inherit;font-size:9pt;">$1,000</font><font style="font-family:inherit;font-size:9pt;"> per share in cash (the &#8220;Preferred Private Placement&#8221;) pursuant to the Securities Purchase Agreement, dated as of May 9, 2017, by and between the Company and Bain (the &#8220;Preferred Stock Purchase Agreement&#8221;), and (ii) Bain completed its purchase of </font><font style="font-family:inherit;font-size:9pt;">26,455,651</font><font style="font-family:inherit;font-size:9pt;"> shares (the &#8220;Purchased Shares&#8221;) of the Company's common stock, par value </font><font style="font-family:inherit;font-size:9pt;">$0.01</font><font style="font-family:inherit;font-size:9pt;"> per share (the &#8220;Common Stock&#8221;) from H.I.G. Surgery Centers, LLC (&#8220;H.I.G.&#8221;) at a purchase price of </font><font style="font-family:inherit;font-size:9pt;">$19.00</font><font style="font-family:inherit;font-size:9pt;"> per share in cash (the &#8220;Private Sale&#8221;) pursuant to the Stock Purchase Agreement, dated as of May 9, 2017, by and among the Company, Bain, H.I.G. and H.I.G. Bayside Debt &amp; LBO Fund II L.P. (for the purposes stated therein) (the &#8220;Common Stock Purchase Agreement&#8221; and together with the NSH Merger Agreement, the Preferred Stock Purchase Agreement and the other agreements and documents executed in connection therewith, including the TRA (as defined in Note 2. &#8220;Significant Accounting Policies - Income Taxes and Tax Receivable Agreement&#8221;), the &#8220;Transaction Agreements&#8221;). As of August 31, 2017, the Purchased Shares represented approximately </font><font style="font-family:inherit;font-size:9pt;">54.2%</font><font style="font-family:inherit;font-size:9pt;"> of the Company&#8217;s outstanding Common Stock. As a result of the Preferred Private Placement and the Private Sale, Bain became the controlling stockholder of the Company, holding Series A Preferred Stock and Common Stock that collectively represent approximately </font><font style="font-family:inherit;font-size:9pt;">65.7%</font><font style="font-family:inherit;font-size:9pt;"> of the voting power of all classes of capital stock of the Company as of August 31, 2017, and H.I.G. and its affiliated investment funds no longer own any capital stock of the Company.</font></div><div style="line-height:120%;padding-bottom:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">In connection with the change of control effected by the Preferred Private Placement and the Private Sale, the Company elected to apply &#8220;pushdown&#8221; accounting by applying the guidance in Accounting Standards Codification Topic ("ASC") 805, </font><font style="font-family:inherit;font-size:9pt;font-style:italic;">Business Combinations</font><font style="font-family:inherit;font-size:9pt;">, including the recognition of the Company&#8217;s assets and liabilities at fair value as of August 31, 2017, and similarly recognizing goodwill calculated based on the terms of the transaction and the fair value of the new basis of net assets of the Company. Accordingly, the condensed consolidated financial statements of the Company for periods before and after August 31, 2017 reflect different bases of accounting, and the financial positions and results of operations of those periods are not comparable. Throughout the Company's condensed consolidated financial statements and the accompanying notes herein, periods prior to the change of control are identified as "Predecessor" and periods after the change of control are identified as "Successor."</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">As of </font><font style="font-family:inherit;font-size:9pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:9pt;"> (</font><font style="font-family:inherit;font-size:9pt;">Successor</font><font style="font-family:inherit;font-size:9pt;">), the Company owned and operated a national network of surgical facilities and ancillary services in </font><font style="font-family:inherit;font-size:9pt;">32</font><font style="font-family:inherit;font-size:9pt;"> states.&#160; The surgical facilities, which include ambulatory surgery centers ("ASCs") and surgical hospitals, primarily provide non-emergency surgical procedures across many specialties, including, among others, gastroenterology</font><font style="font-family:inherit;font-size:10pt;">&#160;("</font><font style="font-family:inherit;font-size:9pt;">GI"), general surgery, ophthalmology, orthopedics and pain management.&#160;The Company's surgical hospitals provide services such as diagnostic imaging, laboratory, obstetrics, oncology, pharmacy, physical therapy and wound care. Ancillary services are comprised of a diagnostic laboratory, multi-specialty physician practices, urgent care facilities, anesthesia services, optical services and specialty pharmacy services. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"> As of </font><font style="font-family:inherit;font-size:9pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:9pt;"> (</font><font style="font-family:inherit;font-size:9pt;">Successor</font><font style="font-family:inherit;font-size:9pt;">), the Company owned or operated a portfolio of </font><font style="font-family:inherit;font-size:9pt;">124</font><font style="font-family:inherit;font-size:9pt;"> surgical facilities, comprised of </font><font style="font-family:inherit;font-size:9pt;">104</font><font style="font-family:inherit;font-size:9pt;"> ASCs and </font><font style="font-family:inherit;font-size:9pt;">20</font><font style="font-family:inherit;font-size:9pt;"> surgical hospitals. The Company owns these facilities in partnership with physicians and, in some cases, healthcare systems in the markets and communities it serves.&#160;The Company owned a majority interest in </font><font style="font-family:inherit;font-size:9pt;">85</font><font style="font-family:inherit;font-size:9pt;"> of the surgical facilities and consolidated </font><font style="font-family:inherit;font-size:9pt;">109</font><font style="font-family:inherit;font-size:9pt;"> of these facilities for financial reporting purposes.&#160;In addition, the Company owned or operated a network of </font><font style="font-family:inherit;font-size:9pt;">60</font><font style="font-family:inherit;font-size:9pt;"> physician practices.</font></div></div>
us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Revenues</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The Company recognizes revenues in the period in which the services are performed. Patient service revenues and receivables from third-party payors are recorded net of estimated contractual adjustments and allowances, which the Company estimates based on the historical trend of its cash collections and contractual write-offs, accounts receivable agings, established fee schedules, contracts with payors and procedure statistics.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Patient service revenues.</font><font style="font-family:inherit;font-size:9pt;">&#160;The fee charged for healthcare procedures performed in surgical facilities varies depending on the type of service provided, but usually includes all charges for usage of an operating room, a recovery room, special equipment, medical supplies, nursing staff and medications.&#160;The fee does not normally include professional fees charged by the patient&#8217;s surgeon, anesthesiologist or other attending physician, which are billed directly by such physicians to the patient or third-party payor. However, in several surgical facilities, the Company charges for anesthesia services. Ancillary service revenues include fees for patient visits to the Company's physician practices, pharmacy services and diagnostic tests ordered by physicians. Patient service revenues are recognized on the date of service, net of estimated contractual adjustments and discounts from third-party payors, including Medicare and Medicaid. Changes in estimated contractual adjustments and discounts are recorded in the period of change.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-style:italic;">Other service revenues.</font><font style="font-family:inherit;font-size:9pt;font-style:italic;font-weight:bold;"> </font><font style="font-family:inherit;font-size:9pt;"> Optical service revenues consist of product sales from the Company's optical laboratories as well as handling charges billed to the members of the Company's optical products purchasing organization. The Company's optical products purchasing organization negotiates volume buying discounts with optical products manufacturers. The buying discounts and any handling charges billed to the members of the buying group represent the revenue recognized for financial reporting purposes. Revenue is recognized as orders are shipped to members. The Company bases its estimates for sales returns and discounts on historical experience and has not experienced significant fluctuations between estimated and actual return activity and discounts given. The Company's optical laboratories manufacture and distribute corrective lenses and eyeglasses to ophthalmologists and optometrists. Revenue is recognized when product is shipped, net of allowance for discounts. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other revenues include management and administrative service fees derived from the non-consolidated facilities that the Company accounts for under the equity method, management of surgical facilities in which it does not own an interest, and management services provided to physician practices for which the Company is not required to provide capital or additional assets. The fees derived from these management arrangements are based on a predetermined percentage of the revenues of each facility or practice and are recognized in the period in which services are rendered.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and footnotes. Examples include, but are not limited to, estimates of accounts receivable allowances, professional and general liabilities and the estimate of deferred tax assets or liabilities. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All adjustments are of a normal, recurring nature. Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0001638833-17-000044-index-headers.html Edgar Link pending
0001638833-17-000044-index.html Edgar Link pending
0001638833-17-000044.txt Edgar Link pending
0001638833-17-000044-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
q3201710-qfiling.htm Edgar Link pending
q32017exhibit311.htm Edgar Link pending
q32017exhibit312.htm Edgar Link pending
q32017exhibit321.htm Edgar Link pending
q32017exhibit322.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
sgry-20170930.xml Edgar Link completed
sgry-20170930.xsd Edgar Link pending
sgry-20170930_cal.xml Edgar Link unprocessable
sgry-20170930_def.xml Edgar Link unprocessable
sgry-20170930_lab.xml Edgar Link unprocessable
sgry-20170930_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending