Q1 results for 5 ASC management companies — Tenet, Optum, HCA & more

ASC management companies largely reported revenue gains related to their ambulatory businesses in the first quarter of 2019.

A snapshot of financial results for the quarter:

Dallas-based Tenet Healthcare / United Surgical Partners International reported its ambulatory care segment revenue dropped 3.6 percent in the first quarter year over year, largely due to the 2018 sale of Aspen Healthcare, which operates nine healthcare facilities in the United Kingdom. USPI's same-facility revenue grew 4.2 percent year over year, and case volume jumped 2.8 percent.

Minnetonka, Minn.-based UnitedHealth Group reported strong first-quarter growth, with revenues for Eden Prairie, Minn.-based Optum hitting $26.4 billion. The company's ASC business, Surgical Care Affiliates, has 215 joint venture surgery centers and around 60 percent have value-based contracts.

Nashville, Tenn.-based HCA Healthcare's revenues increased 9.6 percent year over year in the first quarter of 2019, according to financial results posted April 30. The company reported 1.3 percent same-facility outpatient surgery case volume growth.

Brentwood, Tenn.-based Surgery Partners reported a revenue increase in the first quarter of 2019, as well as a $28.6 million net loss.

Toronto-based Medical Facilities Corp. increased its revenue to $99.1 million in the first quarter, despite drastically decreased operations-derived income.

More articles on transactions/valuation:
CHI Franciscan to divest ASC, pay $2.5M to settle anticompetitive lawsuit: 5 things to know
Surgery Partners reports $417M in revenue & more — 10 ASC industry notes
As investors favor ASCs & offices, major skilled nursing operator splits segments

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