1. SCA reported $247.2 million in total net operating revenues for the fourth quarter, excluding revenues from facilities in which the company owns a non-controlling interest, up 15.6 percent from $213.8 million in the prior year period. The increase was driven by acquisitions, higher acuity case mix and a number of improved payer contracts.
2. System-wide net operating revenues, including all facilities in which SCA owns an interest, increased 9.9 percent in the fourth quarter. The company’s adjusted net income for the fourth quarter was $27.9 million, up from $17.6 million in the fourth quarter of 2013.
3. “We continue to achieve strong clinical quality outcomes based on National Quality Forum endorsed metrics as well as strong patient satisfaction results. From a financial standpoint, our fourth quarter results contributed to making 2014 our sixth consecutive year of approximately ten percent growth in adjusted EBITDA less NCI, consistent with original guidance,” said Andrew Hayek, President & CEO. “Our strategic partnerships with health systems and major physician groups position us to continue our growth trajectory in 2015.”
4. SCA’s total net operating revenues for 2014, excluding revenues from facilities in which the company owns a non-controlling interest, increased 10.1 percent from $785.7 million in 2013 to $864.7 million.
5. The company’s system-wide net operating revenues for the full year, including all facilities in which SCA owns an interest, increased 10 percent. Adjusted net income for the full year rose 69.8 percent from $48 million in 2013 to $81.5 million.
6. During the fourth quarter, SCA added six facilities, three of which were consolidated, two of which were non-consolidated and one which was managed-only. After the close of the year, SCA added an additional four facilities. As of March 10, SCA has 190 facilities.
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