Examples of UMASH in a sentence
Under the terms of the agreement, the Corporation purchased a 72.1% interest in PAM (representing an indirect 62.0% ownership interest in UMASH).
UMASH is a 50,000 square foot, 29-bed Medicare-certified facility with four surgical and two special procedure suites focused on providing facilities for orthopedic, ophthalmology, podiatry, pain management, and spine surgery procedures.
The assets and liabilities of UMASH are included in the consolidated financial statements.
This project was funded in part by UMASH through a cooperative agreement from NIOSH/CDC, U54OH010170 and by the MDH through a cooperative agreement from CSTE/CDC 5U38OT000143.
Had the acquisition of UMASH occurred as of January 1, 2016, the Corporation’s statement of income and comprehensive income for the year ended December 31, 2016, would have included facility service revenue of $40,796 and income from operations of $5,259, inclusive of pre-acquisition facility service revenue of $26,593 and income from operations of $3,152.
Selected Financial Information from Continuing Operations for the Year Ended December 31, 2016 Compared to the Year Ended December 31, 2015 For the year ended December 31, 2016, revenue was $339.5 million, an increase of 9.9% from $308.8 million for the same period in 2015 as growth at all existing Centers and the impact of the acquisitions during the year of UMASH, PSSC, and IMD contributed an additional $30.7 million to the revenues.
As of the date of the transaction, the Corporation no longer consolidates the financial results of UMASH and accounts for its interest under the equity method of accounting.
Interest ExpenseInterest expense, net of interest income was up $1.0 million due mainly to the outstanding balance payable on the corporate credit facility representing the funds borrowed to finance new acquisitions and incremental interest expense on debt residing in the recently acquired UMASH.
Excluding the incremental impact of the UMASH and PSSC acquisitions, case volume increased by 4.7%.
The cash flow scenarios and their probabilities are determined using judgment based on factors related to UMASH, including: cash and liquidity position; historical and projected operating results and free cash flows; compliance with financial covenants as stipulated by the loan agreement; ability to make timely principal and interest payments; and ability to obtainalternative financing at maturity.