The 11 non-ASC centers acquired in 2011 generated annualized operating income of approximately $29 million. The company also experienced same-center growth of 1 percent in 2011, compared to a decline of 2 percent in same-store sales the previous year. Same-center revenue also grew over the last three quarters.
With a strong cash balance and extended revolving credit facility, AmSurg is well situated to pursue further acquisitions, according to the report.
Related Articles on AmSurg:
Analysts Predict Revenue Increase for AmSurg
ASC Association Forms Two New Government Affairs Committees
AmSurg Revenues Increase 11%
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.