Surgical Care Affiliates, Inc. (SCAI) Files Form 4 Insider Selling : Andrew P Hayek Sells 7,292 Shares

Surgical Care Affiliates, Inc. (SCAI): Andrew P Hayek , Chief Executive Officer of Surgical Care Affiliates, Inc. sold 7,292 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $42.38 per share for a total value of $309,034.97 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Michael A. Rucker (Chief Operating Officer) sold 17,500 shares at $42.56 per share price.On Sep 7, 2016, Andrew P Hayek (Chief Executive Officer) sold 7,292 shares at $42.50 per share price.Also, On Feb 26, 2016, Thomas C Geiser (director) sold 11,256 shares at $41.07 per share price.On Aug 13, 2015, Joseph T Clark (Chief Development Officer) sold 40,000 shares at $38.61 per share price.

Shares of Surgical Care Affiliates Inc (SCAI) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -0.61% at $42.35 with 171,111 shares getting traded. Post opening the session at $42.8, the shares hit an intraday low of $42.11 and an intraday high of $42.8 and the price vacillated in this range throughout the day. The company has a market cap of $1,703 M and the number of outstanding shares has been calculated to be 40,205,234 shares. The 52-week high of Surgical Care Affiliates Inc is $52.79 and the 52-week low is $27.88.

Surgical Care Affiliates Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Surgical Care Affiliates Inc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 22, 2016.

Surgical Care Affiliates Inc. (Surgical Care Affiliates) is a national provider of solutions to physicians health systems and payors. The Company operates a network of outpatient surgery facilities in the United States which as of December 31 2014 consisted of 179 ambulatory surgery centers (ASCs) six surgical hospitals and one sleep center with 11 locations. Surgical Care Affiliates offers tools and systems in the areas of clinical benchmarking clinical best practices operating efficiency care coordination and supply chain management. Surgical Care Affiliates’ network of facilities includes ASCs surgical hospitals and hospital surgery departments. As of December 31 2014 Surgical Care Affiliates owned and operated facilities in partnership with 42 health systems and approximately 2000 physician partners. As of December 31 2014 case mix in the Company’s portfolio included orthopedic ophthalmology gastroenterology ENT pain and general surgery.

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