Surgery Partners reported its financial results for the second quarter and first half of 2016.
Here are 10 things to know:
1. The company's total revenues rallied 24.4 percent to $289.7 million during the second quarter, up from $232.8 million during the second quarter last year.
2. Surgery Partners' same-facility revenues totaled $279.7 million during the second quarter, up 14.9 percent from $243.5 million during the same period in 2015.
3. Net income attributable to Surgery Partners was $2.1 million during the second quarter, a 139.1 percent jump when compared to a $5.4 million net loss attributable to Surgery Partners during the second quarter of 2015.
4. During the second quarter, Surgery Partners' adjusted EBITDA reached $46 million, up 19.6 percent from $38.5 million during the same period last year.
5. So far this year, Surgery Partners' total revenue reached $556.8 million, a 21.8 percent increase from $457 million during the same period of 2015.
6. The company's same-facility revenues for year to date 2016 rallied 14.2 percent to $536.7 million, up from $469.9 million in the second quarter last year.
7. Net loss attributable to Surgery Partners for the year to date 2016 fell 58.4 percent, hitting $5.1 million. During the second quarter of 2015, the company had a $12.2 million net loss attributable to Surgery Partners.
8. For the year to date 2016, Surgery Partners adjusted EBITDA rallied 13.5 percent, reaching $84.5 million.
9. The company had cash and cash equivalents of $51.6 million and availability of $146.9 million under its revolving credit facility as of June 30, 2016.
10. The company expects adjusted EBITDA to fall between $184 million to $191 million for the full year 2016.
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