Surgical Care (SCAI) Posts Q1 Loss, Sales Beat Views

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Surgical Care Affiliates, Inc. Announces First Quarter 2015 Results

May 11, 2015 4:01 PM EDT

DEERFIELD, Ill., May 11, 2015 (GLOBE NEWSWIRE) -- Surgical Care Affiliates, Inc. (Nasdaq: SCAI) ("SCA" or the "Company") announced today results for the first quarter of 2015, including: 21.5% growth in net operating revenues (to $234.1 million), 32.0% growth in operating income (to $48.8 million), 10.8% growth in adjusted EBITDA less NCI (to $35.9 million), and a net loss attributable to SCA of $9.2 million, driven by $15.6 million of one-time expenses related to a secondary stock offering and a debt refinancing completed in the first quarter. The Company has added ten new facilities and three health system partnerships since the end of the fourth... More