SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 7.9% Stake in Surgery Partners Inc.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a continued beneficial ownership of 7.9% of Surgery Partners Inc.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 10,021,175.40 shares of Surgery Partners Inc. common stock.
- This aggregate amount represents 7.9% of the total outstanding common stock of Surgery Partners Inc.
- The filing is an Amendment No. 5 to a Schedule 13G, updating previous disclosures.
- The reporting persons certified that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Surgery Partners Inc.
- FMR LLC holds sole voting power over 10,013,593.00 shares and sole dispositive power over 10,021,175.40 shares.
- Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC and a predominant owner of its voting shares, is deemed to beneficially own the same aggregate amount of shares.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, FIAM LLC, Fidelity Institutional Asset Management Trust Company, and Strategic Advisers LLC, are involved in the beneficial ownership, with Fidelity Management & Research Company LLC beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G) and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a factual ownership stake.
Positives
- A significant stake of 7.9% in Surgery Partners Inc. is held by FMR LLC and its affiliates, indicating continued institutional investment and potential confidence in the company.
Negatives
- No specific negative information regarding Surgery Partners Inc. was disclosed in this beneficial ownership report.
Risks
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Surgery Partners Inc., mitigating risks associated with activist investor intentions.
Future Outlook
This filing is a routine ownership disclosure and does not contain forward-looking statements or guidance regarding Surgery Partners Inc.'s future outlook.
Management Comments
- The filing includes certifications from FMR LLC and Abigail P. Johnson stating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Industry Context
This Schedule 13G filing is a routine disclosure of significant beneficial ownership by a major institutional investor, FMR LLC, in a publicly traded company within the healthcare sector, Surgery Partners Inc. Such filings are common and reflect ongoing portfolio management by large asset managers.
Comparison to Industry Standards
- This document is a beneficial ownership filing (Schedule 13G) and does not contain financial or operational results that can be compared to industry standards or specific comparable companies/projects.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- No legal proceedings or regulatory matters concerning Surgery Partners Inc. were disclosed in this filing.
Related Party Transactions
- No related party transactions involving Surgery Partners Inc. were disclosed in this filing.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership in the company.
Next Steps
- This filing is a compliance update and does not outline specific future actions or milestones for Surgery Partners Inc. or the reporting entities.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 03/31/2025 | Date of event which requires filing of this statement (reporting date for ownership). |
| 05/09/2025 | Date of filing of this Schedule 13G Amendment No. 5. |
Keywords
Surgery Partners Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Healthcare Services
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