Surgery Partners operates ambulatory surgery centers with 52% revenue concentration from private insurance payors and a quality score below minimum thresholds, making it a structurally risky holding despite positive short-term momentum and an attractive forward valuation.
Thesis pillars
- Private Insurance Concentration Payor Risk↑Improving
- Quality Below Minimum Threshold↑Improving
- High Short Interest Elevated Put Call↑Improving
- +1 more pillar — see the Why tab for full reasoning
Surgery Partners, Inc. (SGRY) Stock Analysis
Range Bound setup · Inst Constrain edge
Healthcare · Medical Care Facilities
Sell if holding. Engine safety override at $14.17: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 1.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below-average business quality; Below long-term trend.
Surgery Partners owns and operates 176 surgical facilities — 157 ambulatory surgery centers and 19 licensed surgical hospitals — across 30 U.S. states, generating approximately $3.2 billion in revenue in 2025. Facility fees from surgical procedures fund nearly all patient... Read more
Sell if holding. Engine safety override at $14.17: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 1.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below-average business quality; Below long-term trend. Chart setup: RSI 42 mid-range, Bollinger mid-band. Score 5.6/10, moderate confidence.
Passes 8/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 66d clear, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
Recent developments
updated 2026-09-04Recent Developments — Surgery Partners, Inc.
Latest news
- NEWS TD Cowen Maintains Buy on Surgery Partners, Raises Price Target to $19 — benzinga Aug 11, 2026 positive
- NEWS RBC Capital Maintains Outperform on Surgery Partners, Lowers Price Target to $19 — benzinga Aug 11, 2026 positive
- NEWS Cantor Fitzgerald Reiterates Overweight on Surgery Partners, Maintains $18 Price Target — benzinga Aug 11, 2026 positive
- NEWS Surgery Partners Q2 Adj. EPS $0.10 Beats $0.06 Estimate, Sales $848.900M Beat $830.366M Estimate — benzinga Aug 10, 2026 positive
- NEWS Surgery Partners Affirms FY2026 Sales Guidance of $3.350B-$3.450B vs $3.408B Est — benzinga Aug 10, 2026 positive
Generated 2026-09-04T02:12:10Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomergovernment payors43%10-K Item 1A: 'We derived approximately 43%, 41% and 42% of our revenue from government payors, including Medicare and Medicaid programs in 2025, 2024 and 2023, respectively.'
- HIGHCustomerprivate insurance payors52%10-K Item 1A: 'Payments from private insurance payors...represented approximately 52%...of our patient service revenue in 2025'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Unprofitable operations — net margin -2.6%. Quality floor flags this regardless of sector context.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $14.17: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 1.5:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below-average business quality; Below long-term trend. Chart setup: RSI 42 mid-range, Bollinger mid-band. Prior stop was $13.18. Score 5.6/10, moderate confidence.
Take-profit target: $16.29 (+15.0% upside). Prior stop was $13.18. Stop-loss: $13.18.
Concentration risk — Customer: private insurance payors (52.0%); Quality below floor (3.3 < 4.0).
Surgery Partners, Inc. trades at a P/E of N/A (forward 22.3). TrendMatrix value score: 7.4/10. Verdict: Sell.
18 analysts cover SGRY with a consensus score of 4.1/5. Average price target: $19.
What does Surgery Partners, Inc. do?Surgery Partners owns and operates 176 surgical facilities — 157 ambulatory surgery centers and 19 licensed surgical...
Surgery Partners owns and operates 176 surgical facilities — 157 ambulatory surgery centers and 19 licensed surgical hospitals — across 30 U.S. states, generating approximately $3.2 billion in revenue in 2025. Facility fees from surgical procedures fund nearly all patient service revenue, split 52.3% from private insurance and 42.8% from government payors (Medicare/Medicaid).