Symbion has reported its financial results for the first quarter of 2011, highlighted by a nearly 31 percent increase in revenue for the quarter compared to the prior year period, according to a report from the Nashville Post and the company's filing with the SEC.
The company, which operates 54 surgical facilities, reported revenue of $109.3 million for the quarter, up from $83.5 million in the first quarter of 2010. Symbion also saw its net loss decline to $2.4 million from the $5.6 million reported in the first quarter of 2010.
The improvements were attributable, in part, to acquisitions — one facility for consolidated reporting purposes and an incremental ownership stake in a Missouri surgery center, according to the report.
Read the Nashville Post report about the earnings for Symbion.
Read the 2011 first quarter SEC filing for Symbion.
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