United Surgical Partners International, Dallas, a publicly traded operator of surgical facilities, said it expects to have developed 23 new centers in 2004, including 15 joint ventures with not-for-profit hospitals.
The company also said it expects to add 12 to 15 facilities in 2005, with the majority being start-ups.
United Surgical reported third-quarter earnings from continuing operations of $7.8 million, or 27 cents per share, a 23% increase from earnings of $6.4 million, or 22 cents per share, in the year-ago quarter. Revenue rose 22% to $100.2 million.
For the nine months ended Sept. 30, the company earned $24.2 million, or 83 cents per share, an increase of 32% from the year-ago period. Revenue for the nine months was up 25% to $295 million.
In October, the company added its second joint venture under a national agreement with Ascension Health, St. Louis, and agreed to merge one of its surgical centers with a center run by Sarasota (Fla.) Memorial Hospital.
United Surgical currently has ownership interests in or operates 81 U.S. surgical facilities and three surgical facilities in London.