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VCA Q4 Revenue Climbs to Record Highs
Posted: Feb. 16, 2012, 6:35 p.m. EST
VCA Antech today reported a record fourth-quarter revenue and a second consecutive quarter of same-store revenue growth.
Same-store revenue at VCA hospitals grew by 1.1 percent in the fourth quarter ended Dec. 31, 2011, and total hospital revenue increased 9.2 percent compared to the year-ago period, driven mostly by the 27 acquisitions the company made during its fiscal 2011. The company reported a fourth quarter revenue record of $369.0 million and 12-month best $1.49 billion in revenue.
Internal revenue growth for the Los Angeles-based company’s laboratory segment grew 2.3 percent in the fourth quarter compared to the year-ago period, impelled by an increase in requisitions.
The company is anticipating same-store growth to increase by 2.0 percent in 2012 along with a 3.0-percent increase in internal laboratory revenue.
As a whole, VCA Antech reported a net loss of 2.0 million dollars on revenues of $369.0 million for its fourth quarter compared with net earnings of $22.1 million on revenues of $338.1 million in the year-ago period. For its fiscal 2011, the company reported net earnings of $99.9 million on revenues of $1.5 billion compared with earnings of $114.1 million on revenues of $1.4 billion in the prior year. <HOME>
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VCA Q4 Revenue Climbs to Record Highs
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