AmSurg Reports Revenue Growth in 1Q
Zacks Equity Research report.
The growth in revenue was primarily driven by the addition of several new centers through acquisitions and development of additional ambulatory surgery centers. Demand for lower-risk, high-volume surgical procedures performed by ASCs grew steadily during the quarter, consistent with the demographics of an aging U.S. population.
With the National Surgical Care acquisition last year, AmSurg diversified its business to include orthopedics and multi-specialty centers and expanded its portfolio to 46 multi-specialty centers. The company experienced same-center growth of 5 percent in the quarter, primarily due to a significant increase in patient visits.
Related Articles on AmSurg:
AmSurg's Net Earnings Increase 35% in Q1
AmSurg Acquisitions Spark Company Growth, Need for Larger Headquarters
Addition of 11 New Centers Drives AmSurg Revenue Growth in 2011
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