Surgical volume increased for Medical Facilities Corp. in Q3

ASC and surgical hospital owner Medical Facilities Corp. released its third quarter results.

Three details:

1. Surgical case volume increased 1.1 percent compared to the same period last year, while revenue decreased 2 percent. Revenue at the end of the quarter was $102.1 million.

2. Adjusted earnings before interest, tax, depreciation and amortization fell 5.4 percent to $21.4 million.

3. Medical Facilities Corp. recorded a $22 million non-cash impairment charge related to underperformance of one of its Nueterra ASCs.

More articles on surgery centers:
New York management groups partner to purchase North Carolina properties
Beth Israel Deaconess Hospital's outpatient center completed — 3 insights
Virginia health system partners with 3 physician groups

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months