Tenet’s ambulatory caseload drops 2.4%; Envision shares decline following Q3 results & more: 4 ASC company key notes

Here are four notes on ASC management companies from the past week.

Advertisement

Tenet Healthcare reported net losses of $366 million in its preliminary third quarter fiscal year 2017 results. Tenet’s ambulatory caseload decreased 2.4 percent, while revenue per case increased 3.4 percent year-over-year.

Envision Healthcare shares fell 38 percent Nov. 1. The decline follows the company reporting its third quarter results. Envision said the company’s operations were disrupted by hurricanes Harvey and Irma.

Surgery Partners expects adjusted EBITDA for the third quarter of $43.1 million, down from $44.7 million during the third quarter of 2016.

During the third quarter, Hospital Corporation of America cash flows from operations were around $1 billion.

If you have a question, issue or note to suggest on an ASC management and development company please contact Mary Rechtoris at mrechtoris@beckershealthcare.com.

More articles on surgery centers:
Methodist Craig Ranch Surgery Center opens — 4 key notes
OrthoNY earns preliminary approval for $5.63M ASC — 5 insights
Pain management clinic opens in Georgia — 3 insights

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.