Operating income was flat, at $58.2 million for the quarter. The revenue growth was driven by recent acquisitions and offset a same-facility revenue decrease due primarily to a 3 percent facility volume drop. First quarter statewide revenues of the company’s facilities increased 5 percent on a year-over-year basis while on a same-store basis, systemwide net revenue decreased 1.6 percent.
The company opened one de novo facility during the first quarter and expects to add 12 to 15 facilities during the remainder of 2013.
“We believe that uncertainty regarding the economy and employment, together with continued changes in insurance plan design in some markets, impacted first quarter volumes and results,” said USPI CEO William H. Wilcox in a news release. “We remain comfortable with our long-term strategy and have put plans in place that we believe will position us well for the remainder of the year.”
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