Here are six things to know:
1. The company’s operating expenses increased 191.4 percent, higher than revenue growth of 165 percent.
2. This discrepancy will put mounting pressuring on Envision’s financial standing, Zack analysts project.
3. Zacks analysts are “concerned” about Envision’s 2017 guidance. Previously, the company issued revenue guidance of $7.08 billion to $8.05 billion. Recent guidance places these figures between $7.75 billion and $8 billion.
4. Compared to this time last year, shares have declined 16.7 percent.
5. Envision’s total debt was $5.79 million as of Dec. 31, 2016.
6. Zacks has a “sell” rating on the company’s shares.
More articles on surgery centers:
Geneva Surgical Suites opens ASC with SurgCenter partnership — 5 insights
Medical Facilities Corporation increases revenues 25% year-over-year — 5 key notes
9 hospitals, health systems opening or planning ASCs — July 2017
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.
