Surgical Care Affiliates Inc (NASDAQ:SCAI), saw an insider alter his holdings with the company through a transaction that began earlier in the week and was officially filed today, August 22nd. Chief Development Officer Joseph T. Clark sold 20,000 shares of common stock at an average price of $28.52 per share, and now holds a total of 46,467 shares directly in the company. Moreover, Surgical Care Affiliates Inc (NASDAQ:SCAI) is a 1.1 billion market cap powerhouse that operates surgical facilities, including surgery centers, surgical hospitals, and hospital surgery departments. As well, the Company operates approximately 185 surgical facilities, including ambulatory surgery centers, surgical hospitals, and hospital surgery departments in partnership with approximately 2,200 physicians and in affiliation with more than 40 not-for-profit health systems.
In addition, while there are no major outside investors in the company at this time, there have been other recent insider trades such as Officer Michael A. Rucker, who sold 5,000 shares earlier this week as well.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.