Here’s what you should know:
1. Surgical case volume increased 14.9 percent. Revenue per case also rose because of the higher proportion of complex cases.
2. Medical Facilities Corp. increased its EBITDA 22.2 percent year-over-year to $23.1 million.
3. The company announced dividends of $0.07 per share.
4. Medical Facilities Interim CEO Jeffrey Lozon said in a release the company “showed growth across all key metrics.” He highlighted several facets of the second quarter, including the introduction of a new orthopedic care team, the acquisition of Sioux Falls, S.D.-based Prairie States Surgical Center and the addition of several physicians.
5. Mr. Lonzon anticipates Medical Facilities will continue to grow throughout the second half of 2017.
More articles on transactions/valuations:
Dayton Children’s opens outpatient surgery center — 4 insights
9 hospitals, health systems opening or planning ASCs — July 2017
Surgery Partner’s Q2 losses hit $4.5M: 8 key points
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.