Surgery Partners posted 6-month revenue of $1.66 billion, with pro forma revenue of $1.29 billion after the planned hospital divestitures.
Operating income fell to $127.8 million on a pro forma basis from $167.9 million as reported.
Net loss attributable to stockholders widened to $69.2 million, versus an as-reported loss of $50.9 million.
Hospital divestiture to Intermountain Health
The company agreed to sell Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health for about $796.6 million in cash consideration.
Net cash consideration at closing was estimated at $586.5 million, after $219.7 million of closing cash and indebtedness adjustments.
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