SCA revenue totals $299.9M, adds 9 facilities in Q2 — 9 things to know

Surgical Care Affiliates reported its financial results for the second quarter, ending June 30, 2016.

Here are nine things to know:

1. The company's net income attributable to SCA hit $5.7 million, up 25.1 percent from the same period of 2015.

2. The adjusted EBITDA less non-controlling interest increased 10.9 percent to $47.7 million for the quarter.

3. Net operating revenue totaled $299.9 million, an 18.2 percent increase from the same period the year prior.

4. The company's adjusted net income reached $19.1 million, down from $19.9 million for the second quarter last year.

5. SCA's net cash provided by operating activities was $77.4 million, down 0.9 percent from $78.1 million for the second quarter of 2015.

6. SCA reiterated its 2016 adjusted EBITDA less NCI growth guidance range of 13 percent to 16 percent, given in January 2016.

7. SCA acquired nine new facilities in the second quarter, four of which are consolidated, two of which are nonconsolidated and three of which are managed-only facilities. SCA exited one managed-only facility during the quarter. SCA has added two new facilities since the end of the second quarter. As of Aug. 2, 2016, SCA's total facility count hit 203 facilities.

8. On a same site basis, SCA GAAP net patient revenue rose 3.3 percent in the second quarter compared to the second quarter last year.

9. SCA's systemwide net operating revenues rallied 17.3 percent compared to the second quarter of 2015.

More articles on surgery centers:
Tenet shares rally 2.7%; SCA same site net patient revenue jumps 10.1% in Q1 & more — 4 key notes on ASC companies
Sunnyside Community Hospital continues to expand with ASC acquisition: 4 key points
$10M medical campus opens with 8.5k-sq-ft ASC: 4 key notes

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Learning Opportunities

Featured Webinars

Featured Whitepapers

Featured Podcast