United Surgical Partners International reported 20 percent increase in net revenue for the second quarter of 2013 to $155.2 million.
However, operating income dropped 2 percent over the same period last year due to impairment charges from two facility partnership restructuring. Cash flow from operating activities was up during the second quarter, totaling $38.9 million. During the second quarter, the company acquired a facility in Houston in partnership with Memorial Hermann Healthcare System.
For the six-month's end, the company reported 17 percent consolidated net revenue increase over the prior year and a 1 percent decrease in operating income. During the first half of this year, USPI and its consolidated subsidiaries invested around $5.2 million in maintenance capital expenditures.
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