AmSurg added 11 non-National Surgical Care and 14 NSC surgery centers during 2011, driving a growth in procedures and revenue for the management and development company, according to a Zacks Equity Research report.
The 11 non-ASC centers acquired in 2011 generated annualized operating income of approximately $29 million. The company also experienced same-center growth of 1 percent in 2011, compared to a decline of 2 percent in same-store sales the previous year. Same-center revenue also grew over the last three quarters.
With a strong cash balance and extended revolving credit facility, AmSurg is well situated to pursue further acquisitions, according to the report.
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The 11 non-ASC centers acquired in 2011 generated annualized operating income of approximately $29 million. The company also experienced same-center growth of 1 percent in 2011, compared to a decline of 2 percent in same-store sales the previous year. Same-center revenue also grew over the last three quarters.
With a strong cash balance and extended revolving credit facility, AmSurg is well situated to pursue further acquisitions, according to the report.
Related Articles on AmSurg:
Analysts Predict Revenue Increase for AmSurg
ASC Association Forms Two New Government Affairs Committees
AmSurg Revenues Increase 11%