Net revenue from surgical facilities was up 14 percent to $33 million from $29 million in the second quarter of the prior year, according to the release.
For the six-month period ending June 30, 2009, total net revenue grew to $77.9 million, up 13 percent from the first six months last year. Net revenue from surgical facilities grew to $64.9 million, up 15 percent from first six months of 2008, despite a 3 percent decline in same-facility net revenue, according to the release.
Highlights of second quarter continuing operations include:
- Net income from continuing operations attributable to NovaMed increased 17 percent to $2.1 million
- Cash flow from operations of $7.9 million
- Operating income increased 10 percent to $10.1 million
- Total net revenue increased 12 percent to $39.6 million
- EBITDA increased 17 percent to $7.6 million
- Diluted shares outstanding decreased 8 percent to 23,258,000
Read the release about NovaMed’s second-quarter results.
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