Medical Facilities Corp. has reported its 2011 second quarter financial results, highlighted by a 6 percent increase in revenue over the second quarter of 2010.
Revenue increased for the quarter to $54.3 million from $51.2 million over the prior-year period, according to an MFC news release. Other highlights include an increase in operating income to $21.4 million from $19.1 million and improvement in operating margin to 39.5 percent from 37.3 percent over the prior-year period.
"We are pleased to report on another quarter of strong revenue and operating income growth," said Dr. Donald Schellpfeffer, CEO of MFC, in the release. "Revenue and operating profitability across most of our centers increased on a year-over-year basis, as they experienced overall positive case mix, improvements in payor mix and same-facility increases in pain management procedures and surgical case numbers."
For the six-month period, revenue was $106.1 million, an increase of 3.4 percent from $102.5 million a year earlier.
Read the news release about the second quarter results for Medical Facilities Corporation.
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