Here are 13 notes on their financial results during the fourth quarter:
Envision Healthcare
1. Envision’s ambulatory services division reported $326.7 million in net revenues for the fourth quarter. Its 2015 fourth quarter revenues were similar at $326.2 million.
2. For fourth quarter 2016, ambulatory services generated $1.27 billion in revenue, a 3.1 percent increase over 2015. Envision’s ambulatory services 2016 EBITDA was $240.1 million, a 6.1 percent increase over 2015.
3. The company’s net revenues totaled $1.39 billion and net losses totaled $137.8 million in related costs for its AmSurg merger. Envision also had a $221 million impairment charge related to the phase-out of the Sheridan trade name, transaction, integration and debt extinguishment costs.
4. Net earnings totaled $92 million and EBITDA was $208.7 million.
Hospital Corporation of America
5. HCA’s revenue increased 3.8 percent year over year to $10.64 billion in the fourth quarter of 2016.
6. HCA ended the fourth quarter with net income of $920 million, up 58 percent from $582 million in the same period of the year prior.
7. In the fourth quarter, HCA also recorded a $15 million gain due the sales of facilities and benefited from a recent appellate court decision that reduced a judgment in a breach of contract case by more than half.
Nobilis Healthcare
8. Nobilis reported fourth quarter revenue reached $101.9 million, up 13.2 percent over the same period last year.
9. Fourth quarter net income was down considerably, hitting $9.4 million as compared to $44.7 million in the same period last year.
Tenet Healthcare
10. Tenet generated net operating revenue totaling $478 million in the ambulatory segment, up 20.4 percent from Q4 fiscal year 2015.
11. Tenet’s ambulatory segment had an adjusted EBITDA of $183 million, a 15.8 percent increase from $158 million in Q4 2015. Ambulatory revenue jumped 5.9 percent on a same-facility system-wide basis.
12. The company had net losses from continuing operations totaling $79 million. This figure is an improvement from Q4 2015, which had losses reaching $100 million.
13. The adjusted EBITDA remained steady at $613 million for both Q4 2015 and 2016. Tenet’s adjusted net income from continuing operations was $6 million, or $0.06 per diluted share.
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