Five notes:
1. Total revenue and income was up 5.8 percent to $98.1 million. Facility service revenue hit $94 million, a 1.2 percent increase over the same period last year.
2. Adjusted EBITDA jumped 35.4 percent year over year to $25.1 million.
3. The company received $4.1 million of government stimulus income in the quarter.
4. Medical Facilities’ quarterly net income dropped 29.4 percent to $10.3 million.
5. The company has ownership in four surgical hospitals and an ASC. Through its partnership with NueHealth, Medical Facilities has controlling interest in five additional ASCs.
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.
