Pediatrix net income jumps
* Pediatrix Medical Group, Fort Lauderdale, Fla., last week said second-quarter net income more than doubled to $17 million, or 62 cents per share, from $6.4 million, or 30 cents per share, in the year-ago quarter. Patient-service revenue grew about 40% to $116 million. Pediatrix provides physicians to about 190 neonatal intensive-care units. Officials credited the boost in earnings to same-unit growth, operating efficiencies, acquisitions of new physician groups and last year's $190 million purchase of Magella Healthcare Corp. The company also announced the acquisition of two group practices in Florence, S.C., and Fort Worth, Texas.
United Surgical surges
* United Surgical Partners International, Dallas, said its earnings more than tripled to $6.1 million, or 24 cents per share, in the second quarter on revenue of $85.8 million, because of acquisitions and higher revenue at existing centers. In the second quarter of 2001, it earned $1.8 million, or 6 cents per share, on revenue of $59.9 million. United operates 23 surgery centers in the U.S. and 35 abroad. It reported 18% growth in domestic same-facility surgical cases in the quarter and 22% same-facility revenue growth in Europe.
U.S. Oncology posts loss
* U.S. Oncology, Houston, operator of 77 cancer treatment centers in 28 states, lost $9.6 million, or 10 cents per share, on revenue of $411 million in the second quarter ended June 30. The loss reflects $39.3 million in one-time charges for restructuring and other charges. In the year-ago period, it reported net income of $12.7 million, or 13 cents per share, on revenue of $383.5 million. The company said predicting operating results will be difficult for the next several quarters, because of implementation of a new service line model, restructuring of practices and termination of service agreements. Some of the changes could result in charges against earnings, it said.