Surgery Partners, Inc. stock: filings, catalysts and timeline
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FundamentalsWhat is this?HideWatch
How the business is doing on its own reported US-GAAP numbers — growth, margins, cash generation, balance-sheet strength, capital efficiency and dilution — compared with sector peers.
Source: SEC XBRL financial statements.
ValueWhat is this?HideBalanced
How the shares are priced against sector peers, against the company's own recent history, and against a simple cash-flow estimate, using the filing numbers and the current price. AIR shows this as a band, never as a target price.
Source: SEC XBRL financial statements and end-of-day prices.
News flowWhat is this?HideBalanced
What the company has documented recently: material 8-K events (contracts, deals, results, leadership changes) and FDA approvals, weighted by recency and type. A language model's reading of each 8-K helps classify whether it is positive or negative. Filings, not press or social media.
Source: SEC EDGAR 8-K filings and FDA approvals.
MomentumWhat is this?HideBalanced
The longer-term market read: the trend in end-of-day prices, strength against the market and the sector, and trading volume over roughly the past three to twelve months. It is shown, never used to rank the Shortlist.
Source: End-of-day prices.
SafetyWhat is this?HideStrong
The risk side: leverage, liquidity, cash runway, dilution, revenue and margin swings, company size and pre-commercial status, negative 8-K events (including legal and regulatory ones), and share-price drawdown and volatility. Higher means fewer of those risk markers.
Source: SEC XBRL financial statements, SEC EDGAR 8-K filings and end-of-day prices.
Discovery Gap: Low (9/100) · Gap confidence 50/100
The market has largely caught up to the documented story.
Low is the most common level — the cut-offs are fixed, and levels can shift as scores refresh.
What is this?Hide
How far documented progress (News flow) runs ahead of market attention. Attention is measured from institutional holdings reported to the SEC, trading volume, price behaviour and how richly the shares are valued — not from social media or analyst ratings.
Source: SEC EDGAR filings (8-K and 13F), FDA approvals and end-of-day prices.
How levels work. The levels use fixed cut-offs, but market attention is ranked against the other ~1,800 companies AIR covers that day (valuation against the same sector). Documented progress counts filings from the past 18 months, newer ones weighing more; attention uses the latest quarter of institutional holdings, the last three to six months of trading, and six to twelve months of price behaviour. Many companies show a Low Gap or none at all — a gap needs filings that read more positively than neutral. A level can change from one day to the next as scores refresh and the other companies move.
Gap confidenceWhat is this?HideModerate 50/100How fully AIR could measure this Gap.
How fully AIR could measure both sides of the Discovery Gap: the documented progress (News flow) and market attention (Recognition). It takes the weaker of the two, and reads zero when either side has no measurement. It describes the data, not the company.
Evidence strengthWhat is this?HideStrong 74/100Support behind the full AIR read, not only the Gap.
How much data stands behind the whole AIR read — all five perspectives, not just the Discovery Gap. Each perspective reports how complete its inputs are, and these are combined in the same proportions as the AIR Score; a perspective AIR could not score adds nothing, so missing data lowers this figure. It describes the data, not the company.
This month at a glance
Evidence timeline
- Expected
Tue 10 Nov · expected 10-Q
Last year filed 10 Nov 2025.
Tue 2 Mar · expected 10-K
Last year filed 2 Mar 2026.
- Filed
Mon 26 Oct · 8-K
8-K · Item 1.01 — Material agreement
Surgery Partners entered into a definitive merger agreement to be acquired by Spyglass Topco (backed by Bon Secours Mercy Health) at $23.50 per share in cash. The transaction is subject to stockholder approval and regulatory clearance, with an expected close by July 23, 2027.
Recognition: Balanced 58 → Strong 70Value: Strong 72 → Balanced 55Gap High · 41 → Low · 9The shares became dearer on AIR's value read.
The gap narrowed — attention is catching up.
The price trend strengthened.
Thu 17 Sep · 8-K
8-K · Item 2.01 — Acquisition or disposal of assets
Surgery Partners completed sale of Idaho Falls hospital facilities to Intermountain Health for $797M gross proceeds ($587M net). Proceeds will reduce debt leverage by 30bps and streamline portfolio toward pure-play surgical provider model with improved operational metrics.
Mon 10 Aug · 8-K
Mon 10 Aug · 10-Q
Quarterly report (10-Q), period ending 3 Aug 2026
Fri 24 Jul · 8-K
Fri 5 Jun · 8-K
Tue 5 May · 8-K
Tue 5 May · 10-Q
Quarterly report (10-Q), period ending 28 Apr 2026
Mon 2 Mar · 10-K
Annual report (10-K), FY2026
Mon 2 Mar · 8-K
Tue 16 Dec · 8-K
Fri 12 Dec · 8-K
Thu 11 Dec · 8-K
Wed 12 Nov · 8-K
Mon 10 Nov · 10-Q
Quarterly report (10-Q), period ending 3 Nov 2025
Mon 10 Nov · 8-K
Solid dots: a filing AIR classified as material. Grey: routine. Hollow: expected, from last year's dates — not a forecast.
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What would change our view
Research, not tips. No buy/sell recommendations, no price forecasts. Every score is derived from public filings and market data — figures round to whole numbers and refresh each trading day.