Net revenue increased 17.4 percent to $462.0 million for fourth quarter 2011 from $393.4 million in the fourth quarter of 2010. Net revenue for the 2011 full fiscal year ended Dec. 31, increased 14.9 percent to $1.75 billion from $1.52 billion in fiscal 2010.
Reported net earnings increased 136 percent to $13.3 million in the fourth quarter of 2011 compared to a net loss of $36.0 million, a 136 percent increase. Reported net earnings also surged to $65.5 million in the 2011 fiscal year compared to $6.8 million in 2010.
As previously announced, TeamHealth will hold a conference call, accessible by dialing in, Feb. 8 to discuss its fiscal year 2011 results. For more information, click here.
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