SCA revenue up 8%, Symbion revenue up 7.5%, Tenet stock up 8% & new AmSurg health system partnerships – 5 key notes on ASC companies
Surgical Care Affiliates reported $196.7 million in total net operating revenues, excluding revenues from centers in which the company does not hold a controlling interest, for the second quarter of 2014. This is an 8 percent increase from $196.7 million in the year prior.
Symbion reported $142.2 million in second quarter revenue, up 7.5 percent from $132.3 million in the second quarter of 2013.
Medical Facilities Corporation reported $74.4 million in revenue for the second quarter of 2014, up 0.9 percent from $73.7 million in the second quarter of 2013.
During the second quarter, AmSurg deconsolidated three surgery centers and contributed their controlling interests in the centers to create two joint ventures with two health systems.
Tenet Healthcare stock traded at $56.83 per share during the week of August 4 to 8, up 8.58 percent.
More articles on ASC issues:
How to handle managed care contracts prior to entering a hospital joint venture
4 recent ASC industry leadership moves
7 things for ASC leaders to know for Thursday
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