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.

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