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Overview:

Surgis, Inc., headquartered in Nashville, Tennessee, was a company which was started from scratch by New Mountain. It grew to be the nation's largest privately held surgical services company and one of the top six overall. Surgis owned and managed a nationwide network of ambulatory surgery centers in partnership with physicians and hospitals. In addition, the Company managed the surgical suites for a number of the nation's leading hospitals.

Through top down industry analysis, New Mountain had identified the surgical services sector as an area of proactive focus beginning in February 2001. New Mountain executives then spent nine months confirming this thesis, attending industry conferences, establishing relationships with key brokers, reviewing properties for sale and interviewing management teams. In November 2001, New Mountain created a "best in class" team to execute this industry strategy and agreed to commit $100 million of equity behind them. In August 2002, New Mountain and management completed their first major surgery center acquisition and formally announced the establishment of Surgis, Inc.

Following New Mountain's investment, the Company became one of the fastest growing surgical services companies in the history of the industry. Surgis executed numerous surgical center acquisitions and developed an impressive pipeline of organic growth and acquisition candidates. Acquisitions were completed at approximately half of the multiple paid for public company competitors. New Mountain worked closely with the management team to support the Company's efforts in acquiring new centers, reviewing major strategic initiatives in new areas and building its infrastructure. In April 2006, Surgis was acquired by United Surgical Partners, Inc., producing a substantial gain for the Company and its shareholders.

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