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USPI Reports $616.2M Net Revenue for 2013, Up 14%

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United Surgical Partners International has announced $616.2 million in consolidated net revenues for 2013, up 14 percent from $540.2 million at the year-end of 2012.

The company's operating income increased 8 percent to $263.8 million, compared to $245.2 million in 2012. Cash flow from operating activities was $159.9 million, compared to $180.3 million in 2012. USPI and its consolidated subsidiaries invested $11.3 million in maintenance capital expenditures and $11.1 million to develop new facilities and expend or invest in existing facilities.

For the fourth quarter of 2013, USPI reported consolidated net revenues of $164.9 million, up 9 percent from $154.5 million in 2012. Operating income increased 18 percent in the fourth quarter from $69.2 million in 2012 to $81.9 million.

In 2013, USPI acquired two facilities, opened a de novo facility and sold its interest in one facility. The company owns or operates 215 facilities. USPI expects 2014 to be a more active year, according to the report.

More Articles on Transactions and Valuation Issues:
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