For the quarter ended June 30, USPI reported consolidated net revenues were $150.2 million compared with $156.4 million in the prior year period. Operating income was $58.5 million as compared with $57.3 million for the prior year period. Operating income margin increased to 38.9 percent from 36.7 percent in the prior year period.
The company attributed its increase in systemwide net patient services revenues primarily to a 6 percent increase in U.S. same-facility net revenue.
“Although volumes year over year were essentially flat, I am encouraged with the improvement compared with the first quarter and our team’s overall management during this down period,” said William H. Wilcox, USPI’s CEO, in a news release. “Additionally, we continue to add new facilities pursuant to our strategy and expect this activity to accelerate in the second half of the year.”
In 2010, USPI has added six facilities; all in existing markets. As of June 30, USPI had six facilities under development, of which four were under construction.
Read the news release about the second quarter results for United Surgical Partners International (pdf).
