1. Foundation HealthCare reported $31.1 million in net revenues for the fourth quarter, up 20 percent from $26 million in the same period in 2013.
2. In the fourth quarter, the company’s patient services revenue increased 19 percent from $23.3 million to $27.8 million.
3. The company’s fourth quarter operating expenses were $28.5 million, up from $26.9 million in the fourth quarter of 2013.
4. Adjusted EBITDA for the fourth quarter was $4.5 million, up from $3.4 million in the fourth quarter of 2013.
5. Foundation HealthCare’s 2014 revenue increased 12 percent from $93.1 million in 2013 to $104.3 million.
6. The company’s 2014 patient services revenue was $90.6 million, up 18 percent from $77 million in 2013.
7. Operating expenses for the year were $101.2 million, down from $112.6 million in 2013.
8. Foundation HealthCare’s adjusted EBITDA for 2014 was $10.4 million, compared to $9.4 million in 2013.
More articles on transactions and valuation issues:
Kentucky to overhaul CON program: 3 things to know
What’s new in ASC partnerships & real estate?
3 recent ASC acquisitions
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
