Foundation HealthCare reported its financial results for the fourth quarter and year-end. Here are eight things to know from the report.
1. Foundation HealthCare reported $31.1 million in net revenues for the fourth quarter, up 20 percent from $26 million in the same period in 2013.
2. In the fourth quarter, the company's patient services revenue increased 19 percent from $23.3 million to $27.8 million.
3. The company's fourth quarter operating expenses were $28.5 million, up from $26.9 million in the fourth quarter of 2013.
4. Adjusted EBITDA for the fourth quarter was $4.5 million, up from $3.4 million in the fourth quarter of 2013.
5. Foundation HealthCare's 2014 revenue increased 12 percent from $93.1 million in 2013 to $104.3 million.
6. The company's 2014 patient services revenue was $90.6 million, up 18 percent from $77 million in 2013.
7. Operating expenses for the year were $101.2 million, down from $112.6 million in 2013.
8. Foundation HealthCare's adjusted EBITDA for 2014 was $10.4 million, compared to $9.4 million in 2013.