Symbion, which owned and operated 55 surgical facilities — 49 ASCs and six surgical hospitals — as of Sept. 30, reported revenue of almost $111 million for the quarter, up from $105 million in the third quarter of 2010.
Symbion reported a decline in its net income for the quarter, falling from a net gain of almost $300,000 in the third quarter of 2010 to a net loss of $6.7 million for the third quarter of 2011.
The company announced in June plans to issue an aggregate principal amount of $350 million of senior secured notes due 2016. Symbion said it intended to use the net proceeds from the sale of the notes to help repay in full all outstanding borrowings under its $350 million existing senior secured credit facilities.
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