10 recent ASC company updates

Here are 10 news updates on ambulatory surgery center companies.

AmSurg's third quarter net revenues were $503.2 million, up 91.3 percent from the third quarter of 2013. AmSurg also exhibited 110.4 percent growth in adjusted EBITDA to $95.9 million.

Glendale (Calif.) Adventist Medical Center has reopened the Physicians Adventist Surgery Center as a joint venture, with local physicians as stakeholders and ASD Management as the managing company.

Foundation HealthCare reported $27.4 million in revenue for the quarter, up 16 percent from the third quarter of 2013.

Hospital Corporation of America posted revenues of $9.22 billion in the third quarter of 2014, up 9 percent from the same period last year.

Merritt Healthcare opened its Western Connecticut Orthopedic Surgical Center in Danbury, Conn.

Pinnacle III added three new employees to its management team this year including:
•    Holly LeRoux as director of operations at Boulder (Colo.) Community Musculoskeletal Surgery Center
•    Jebby Matthew as director of operations at The Orthopaedic & Spine Center of Southern Colorado in Colorado Springs
•    Linda Deeming as director of operations at Foothills Surgery Center in Boulder, Colo.

The $792 million Surgery Partners acquisition of Symbion closed, but as required by the Federal Trade Commission, Surgery Partners will divest Blue Springs Surgery Center in Orange City, Fla.

Los Angeles County-USC Medical Center has formed a strategic alliance with Surgical Care Affiliates to manage several of its surgery centers.

Surgical Care Affiliates announced its financial results for the third quarter of 2014. SCA's total net operating revenue, excluding facilities in which the company owns a non-controlling interest, increased 13.1 percent, from $194.4 million in the third quarter of 2013 to $219.9 million.

United Surgical Partners International reported $159.2 million in net revenues for the third quarter, up 5 percent from $151 million in the previous year's period. Operating income was $64.4 million, up 2 percent from $63.1 million over the same period in 2013.

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