Symbion stays in the red

Surgery center venture's Q4 shows improvement, but annual loss widens

Though its loss narrowed in the fourth quarter of 2009, surgery center operator Symbion spent another quarter in the red and saw its annual loss worsen by 8 percent.

The Nashville-based company saw revenues climb 3 percent to $87.4 million in Q4 and its net loss shrink to $4.5 million from $15.8 million in late 2008.

For the full year, revenues improved 4.5 percent to $347 million. However, operating expenses grew as a percent of revenue, and the impact of its surgical hospital acquisition in Austin, Texas, took a 1.3 percent chunk out of its margin.

Total net loss for the year grew about 8 percent to $22.5 million.

At the end of 2009, Symbion owned and operated 59 surgery centers. Including those it manages but doesn’t own, the total was 67.