ealthcare services increased 19.4% to $29.5 million from $24.7 million in the prior year period, reflecting growing inpatient and outpatient volume across the United Family Healthcare network. Outpatient services contributed 59% of revenue and inpatient services contributed 41% of revenue in the second quarter of 2011, in line with the prior year period. By service line, surgical services contributed 18.1%, OB/GYN contributed 14.1%, pediatrics contributed 8.4%, ancillary services contributed 32.6% and other services contributed 26.8% of revenue.
Operating expenses for the three months ended June 30, 2011 increased to $26.1 million from $21.7 million in the prior year period. Development, pre-opening and start up expenses were $1.2 million this quarter including expenses for the Beijing United expansion, development expenses for the Tianjin United project and lease expense for the United Family Rehabilitation Hospital in Beijing.
Operating expenses also included certain non-cash expenses including $466,000 of stock compensation expense compared to $664,000 for the prior year period. Due to the change in business organization the Company also incurred an increase in corporate overhead costs of approximately $325,000 per quarter compared to the prior year period. As previously disclosed, moving forward, these corporate overhead expenses previously shared with the medical products division will continue to be recognized by the Company.
Adjusted EBITDA in the second quarter of 2011 increased to approximately $6.0 million compared to $4.4 million in the prior year period.
Income from operations was $3.4 million compared to income from operations of $1.9 million in the prior year period.
The Company recorded a $1.3 million provision for taxes in the second quarter of 2011 compared to a provision for taxes of $1.0 million in the prior year period.
Net income for the quarter ended June 30, 2011 was $2.9 million, or $0.17 per diluted
Page: 1 2 3 4 5 6 7 8 9 10 11 Related medicine technology :1
|SOURCE Chindex International, Inc.|
Copyright©2010 PR Newswire.
All rights reserved
. Chindex International, Inc. to Report Financial Results for the Second Quarter and First Half of 20112
. Naviscan Announces Partnership With Chindex Medical Limited for Mainland China, Hong Kong and Macau3
. Chindex International, Inc. Reports First Quarter 2011 Financial Results4
. Chindex International, Inc. Reports Financial Results for the Three and Nine Month Period Ended December 31, 20105
. Chindex International to Report Financial Results for the Three and Nine-Month Periods Ended December 31, 20106
. Chindex and Fosun Pharma Form Joint Venture7
. Chindex International, Inc. Reports Second Quarter and First Half Fiscal 2011 Financial Results8
. Fosun Pharma Acquires $14 Million of Chindex Stock9
. Chindex International to Report First Quarter 2011 Financial Results10
. Chindex International, Inc. Reports Fourth Quarter and Full Year Fiscal 2010 Financial Results11
. Chindex International to Report Third Quarter Fiscal Year 2010 Financial Results