Issue link: https://beckershealthcare.uberflip.com/i/332156
8 21st Annual Ambulatory Surgery Center Conference - call (800) 417-2035 Here are 10 recent news updates on ambulatory surgery center companies. AmSurg announced its financial results for the first quarter of 2014. Revenues were $263.1 mil- lion, up 2 percent from $258.2 million for the first quarter of 2013. "The 2 percent growth in revenue we produced for the quarter primarily reflected the positive impact from the six centers acquired in 2013, as well as a 2.4 percent increase in rev- enue per procedures," said CEO Christopher Holden, according to a company news release. Foundation Healthcare, previously known as Graymark Healthcare, reported $26.1 million in 2013 fourth quarter revenue, a 48 percent in- crease from $17.6 million in the same period in 2012. The company reported $93.14 million in revenue for the year ended Dec. 31, 2013, up 75.8 percent from $52.98 million in 2012. Hospital Corporation of America reported $424 million in profit for its fourth quarter, up 35 per- cent from the same period in 2012. HCA's revenue for 2013 increased 3.5 percent to $34.2 billion. Medical Facilities Corporation announced its operating income for the fiscal year 2013 in- creased 15.7 percent from $91.1 million. The company reported $309.2 million in overall reve- nue, up 29.2 percent from $239.4 million in 2012. Northstar Healthcare announced its fourth quarter and year-end financial results. The com- pany reported $13.5 million in patient services revenue for its fourth quarter, up 108.7 percent from the same period in 2012. For the 12 months end Dec. 31, 2013, Northstar reported net patient service revenue of $31.1 million, up 49 percent. Regent Surgical Health's Advanced Surgery In- stitute in Santa Rosa, Calif., and its partner Santa Rosa Memorial Hospital became the first facilities in the California Bay area to implant Medtronic's LINQ Insertable Cardiac Monitor, the world's smallest heart monitor. Lara Jordan recently became a vice president of operations at Physicians Endoscopy. Symbion reported $535.6 million in revenue in 2013, up 8.9 percent from $491.8 million in 2012. The company also reported $141 million in fourth quarter revenue, up 4.5 percent from $134.9 million in 2012. Operating income rose 0.4 percent from $32.1 million in 2012 to $32.2 million in 2013. Developers broke ground on the 90,000-square- foot Douglas Park Medical Office Park in Long Beach, Calif. One of the new medical office build- ings will be occupied by physicians of Long Beach Gastroenterology. The physicians will operate the Greater Long Beach Endoscopy Center, affiliated with Surgical Care Affiliates. Surgical Care Affiliates announced its fourth quarter and year-end financial results. The com- pany reported its total net operating revenues were up 10.1 percent from $197.6 million to $217.5 million in its fourth quarter. Net operating revenues for the year-end increased 7.7 percent from $744.9 million to $802 million. n Industry News: 10 Recent Key Notes on ASC Companies By Carrie Pallardy AnticipAte chAnge. We do. 2013 ® 636.273.6711 | www.nationalASCbilling.com the ASc Revenue cycle. It's all we do. It's all we think about. And it shows. Named one of the world's best outsourcing service providers two years in a row. – Fortune Magazine 2013