AmSurg Revenue Grows 17% in Q4, Acquires 6 Centers in 2013
AmSurg announced its financial results for the fourth quarter and year end at Dec. 31, 2013.
AmSurg's fourth quarter revenue was $284.6 million, up 17 percent from the same period in 2012. Revenues for the fiscal year 2013 were $1.08 billion, up 17 percent from $923.2 million in the fiscal year 2012.
The company demonstrated a 22 percent increase in fourth quarter earnings per diluted share. "This increase reflected 10 percent growth in procedures, mainly attributable to centers acquired in the prior year," said Christopher Holden, CEO of AmSurg, according to the report.
AmSurg acquired six centers in 2013 and completed an additional acquisition on Jan. 2. The acquisitions are expected to produce $20 million in annualized operating income.
As of Dec. 31, 2013 AmSurg owned and operated 242 centers.
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