USPI’s net operating revenue was a $92 million increase from the first quarter of 2021, according to the company’s 2022 first quarter earnings report. The chain also brought in $738 million in net operating revenue during the first quarter.
It expects to have 12 percent growth this year after acquiring interest in about 160 ASCs in the last year and a half, according to an earnings call in February, as transcribed by Seeking Alpha.
USPI now has more than 11,000 physicians, the most of any ASC chain.
The company paid $1.1 billion to acquire ASCs from Towson, Md.-based SurgCenter Development last November, adding 85 ASCs to its network. It also spent $78 million to acquire eight Compass Surgical Partners ASCs last year
The company is headed by Brett Brodnax, president and CEO. Mr. Brodnax joined USPI in 1999 and served as senior vice president, executive vice president, chief development officer and president before becoming CEO in 2018.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.