In the recent weeks, six leading ambulatory surgery management companies reported their second quarter financial results for 2016.
Here are 38 points on how the companies fared:
Surgical Care Affiliates
1. The company's net income attributable to SCA hit $5.7 million, up 25.1 percent from the same period of 2015.
2. The adjusted EBITDA less non-controlling interest increased 10.9 percent to $47.7 million for the quarter.
3. Net operating revenue totaled $299.9 million, an 18.2 percent increase from the same period the year prior.
4. The company's adjusted net income reached $19.1 million, down from $19.9 million for the second quarter last year.
5. SCA's net cash provided by operating activities was $77.4 million, down 0.9 percent from $78.1 million for the second quarter of 2015.
6. On a same site basis, SCA GAAP net patient revenue rose 3.3 percent in the second quarter compared to the second quarter last year.
7. SCA's systemwide net operating revenues rallied 17.3 percent compared to the second quarter of 2015.
AmSurg
8. Net revenues hit $758.5 million, an 18 percent increase from $642 million during the second quarter last year.
9. AmSurg had a 39 percent increase in net earnings attributable to AmSurg common shareholders. The earnings totaled $43.8 million.
10. The company's net earnings attributable to AmSurg common shareholders were $0.80 per share, up 23 percent.
11. AmSurg's EBITDA totaled $149.2 million, a 17 percent increase from the same period of 2015.
12. Adjusted earnings reached $1.10 per share, representing 13 percent growth from the second quarter the year prior.
13. The company had cash and cash equivalents of $74.1 million and availability under its $500 million revolving credit facility of $100 million.
14. AmSurg's net revenues for ambulatory services totaled $319.7 million, up 2.8 percent from $311 million during the second quarter last year.
15. In the ambulatory services segment, same center revenues for the quarter rallied 4.2 percent, which featured a 3.3 percent increase in procedures and a 0.9 percent increase in net revenue per procedure.
16. Adjusted EBITDA in the ambulatory segment hit $61.7 million, a 2.4 percent increase from $60.3 million for the second quarter of 2015.
Tenet Healthcare
17. Tenet's net losses from continuing operations hit $44 million, or $0.44 per share, down from a net loss of $60 million in the same period the year prior.
18. Adjusted net income from continuing operations reached $38 million, or $0.38 per diluted share, down from $76 million during the second quarter of 2015.
19. Tenet's cash and cash equivalents were $656 million at the end of the quarter.
20. The company's net operating revenue in the ambulatory segment totaled $442 million, a 37.3 percent increase from $322 in the second quarter last year.
21. On a pro forma same-facility system-wide basis, Tenet's revenue in the ambulatory segment rose 11.7 percent. Cases rallied 5.2 and revenue per case increased 6.1 percent.
22. Adjusted EBITDA totaled $139 million in the ambulatory segment, a 20.9 percent increase from $115 million in the same period of 2015.
Surgery Partners
23. 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.
24. 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.
25. 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.
26. 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.
27. 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.
Medical Facilities Corp.
28. The company's revenue from continuing operations increased 4.2 percent, hitting $76.7 million.
29. MFC's income from continuing operations reached $13.8 million, a 13.9 percent deceased from $16 million during the second quarter last year. The loss was due to a change in payer mix and higher expenses from case type's lower income and margins.
30. During the second quarter, cash available for distribution was $10.5 million, down 12.9 percent from the same period last year.
31. MFC paid monthly dividends of Cdn$0.28 per share, which represented a Cdn$1.13 annualized dividend per share.
32. The company has a payout ratio of 82.8 percent.
Nobilis Health
33. Total revenue increased 26.6 percent to $61.9 million.
34. Case volume at Nobilis facilities increased 5.4 percent to 4,863 cases.
35. Revenue per case jumped from $10,136 over the same period last year to $11,524 in 2016 due to a higher acuity case mix. The company purchased three new hospitals last year.
36. Net income attributable to Nobilis for the quarter was $4.8 million; net loss was $400,000.
37. Total cash was $18.8 million for the quarter and accounts receivable was $77.6 million. As of Aug. 2, 2016, the company reported collecting around 91 percent of the Dec. 31, 2015 receivables and is on track to collect the remaining balance.
38. Total debt for the quarter was $22.1 million, compared to $15.7 million over the same period last year.
More articles on surgery centers:
AmSurg short interest rallies 22.17% — 4 quick facts
West Shore Pain and Spine Institute to open in late 2016: 4 takeaways
Coordinated Health builds $15M ASC, medical campus: 4 things to know