Four things to know:
1. Third-quarter revenues were still down 0.2 percent from the same time period in 2019. Yearly revenues to date were $256.74 million, which was a 9.6 percent decrease from the same time in 2019.
2. EBITDA for the quarter increased 9.6 percent to $24.6 million.
3. The company’s income from operations increased to $17.6 million.
4. In the quarter, Medical Facilities Corp. opened St. Luke’s Surgery Center of Chesterfield (Mo.) which performed its first cases in September.
“While uncertainty surrounding the impact of COVID-19 remains, we maintain our focus on growing MFC and seeking opportunities to execute our ASC platform growth strategy,” said Robert Horrar, Medical Facilities’ president and CEO.
More articles on surgery centers:
10 recent ASC leadership moves
Virginia ASC takes infection prevention to new level — 3 insights
Surgery Partners goes all-in on cardiology — 5 quotes on its quarterly performance
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.
