BEVERLY, Mass—American Renal Associates increased its revenues in the second quarter of 2011 and also increased the number of total treatments during the same time period.
The dialysis provider’s revenues for the three and six months ended June 30, 2011, were $89.6 million and $174.3 million, respectively, as compared to $74.1 million and $145.7 million, respectively, for the same periods in 2010.
In addition, American Renal’s adjusted EBITDA for the three and six months ended June 30, 2011, was $16.7 million and $31.0 million, respectively. This compares to Adjusted EBITDA on a pro forma basis for the three and six months ended June 30, 2010 of $12.6 million and $25.1 million respectively.
As of June 30, 2011, American Renal provided services at 101 outpatient dialysis centers serving 6,913 patients. During the second quarter of 2011, the provider opened four new denovo centers.
Total treatments for the company in the second quarter of 2011 were 252,917 or 3,243 treatments per day, representing a per day increase of 20.3 percent over the second quarter of 2010. In addition, non-acquired treatment growth was 15.2 percent in the second quarter, according to American Renal.
