Here are five key points:
1. The fourth quarter revenue grew around 10 percent to 11 percent to around $54.4 million.
2. Domestic revenue reached $39.2 million to $39.4 million, a 10 percent increase over the same period last year. International revenue grew 11 percent to $15 million to $15.1 million.
3. The key service line revenue increase was:
• U.S. complex spine: 12 percent
• U.S. minimally invasive spine: 20 percent
• U.S. degenerative: 6 percent
4. The full year revenue grew 16 percent to $216 million to $216.3 million.
5. The company reported revenue guidance for 2016 at $246 million to $250 million, a 14 percent to 16 percent year-over-year.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
