However, operating income dropped 2 percent over the same period last year due to impairment charges from two facility partnership restructuring. Cash flow from operating activities was up during the second quarter, totaling $38.9 million. During the second quarter, the company acquired a facility in Houston in partnership with Memorial Hermann Healthcare System.
For the six-month’s end, the company reported 17 percent consolidated net revenue increase over the prior year and a 1 percent decrease in operating income. During the first half of this year, USPI and its consolidated subsidiaries invested around $5.2 million in maintenance capital expenditures.
More Articles on Surgery Centers:
5 Things to Know About ASC Transactions for the Next 5 Years From Luke Lambert of ASCOA
Biggest Opportunities for Orthopedics in ASCs: 3 Orthopedic Surgeons Discuss
6 Gastroenterologists on Biggest Challenges in the Field Today
