Stout was engaged by Symbion, Inc. to provide valuation services designed to assist management in addressing certain financial reporting requirements in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 805, Business Combinations (FASB ASC 805) and Topic 820, Fair Value Measurement (FASB ASC 820), in connection with Surgery Partners' acquisition of the business and substantially all of Symbion's assets. Through its subsidiaries, Symbion owns and operates a network of short stay surgical facilities in 24 states in the United States. Its surgical facilities include ambulatory surgery centers and surgical hospitals that provide non-emergency surgical procedures in various specialties, including cardiology, gastroenterology, ophthalmology, orthopedics, pain management, ear, nose and throat, general surgery, obstetrics, plastic surgery, and others. Surgery Partners, Inc. is a publicly traded company that operates surgical facilities in the United States. We played a critical role in assisting management with their financial reporting requirements under ASC 805 and ASC 820.