Results for Select Medical’s second quarter, which ended June 30, 2016, were announced recently, according to a company news release.
Net operating revenues increased 23.7% to $1,097.6 million, compared to $887.1 million for the same quarter, prior year. Income from operations was $101.1 million for the second quarter ended June 30, 2016, compared to $85.0 million for the same quarter, prior year. Net income was $40.9 million for the second quarter ended June 30, 2016, compared to $40.1 million for the same quarter, prior year.
Net income attributable to Mechanicsburg, Pa-headquartered Select Medical was $33.9 million, which includes a pre-tax non-operating gain of $13.0 million, compared to $36.9 million for the same quarter, prior year. Income per common share for the second quarter ended June 30, 2016 was $0.26 on a fully diluted basis, compared to income per common share of $0.28 for the same period, prior year. Excluding the non-operating gain and related tax effects, adjusted income per common share was $0.23 per diluted share for the second quarter ended June 30, 2016.
Net operating revenues increased 29.9% to $2,186.0 million, compared to $1,682.4 million for the same period, prior year. Income from operations was $187.9 million for the six months ended June 30, 2016, compared to $164.3 million for the same period, prior year. Net income was $100.8 million for the six months ended June 30, 2016, compared to $77.3 million for the same period, prior year. Adjusted EBITDA increased 26.3% to $270.1 million, compared to $213.8 million for the same period, prior year, the release continues.
[Source(s): Select Medical, PR Newswire]
