Medical Facilities Corporation Reports Higher Revenue After Arkansas Surgical Hospital Acquisition
Medical Facilities Corporation reported $72.9 million in revenue for the first quarter of 2013, with a 92.2 percent payout ratio.
Consolidated facility service revenue increased 23.7 percent from the same period last year, due to revenue from the recently acquired Arkansas Surgical Hospital. The company's two specialty hospitals and ambulatory surgery centers experienced a revenue decline from unfavorable case and payor mix, and a pain management case reduction.
Net income dropped when compared with the same period last year.
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