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Equity Investments in Affiliates (Tables)
12 Months Ended
Dec. 31, 2014
Investments In And Advances To Affiliates Schedule Of Investments [Abstract]  
Summary of Equity Investments and Ownership Interests

The Company invests in non-majority interests in its Affiliates.  The Company’s equity investments and respective ownership interest as of December 31, 2014 and 2013 are as follows:

 

 

 

 

 

Ownership %

 

Affiliate

 

Location

 

2014

 

 

2013

 

Surgical Hospitals:

 

 

 

 

 

 

 

 

 

 

Grayson County Physicians Property, LLC

 

Sherman, TX

 

 

20

%

 

 

20

%

Houston Orthopedic Hospital, LLC

 

Houston, TX

 

 

20

%

 

 

20

%

ASCs:

 

 

 

 

 

 

 

 

 

 

Foundation Surgery Affiliate of Nacogdoches, LLP

 

Nacogdoches, TX

 

 

13

%

 

 

13

%

Kirby Glenn Surgery Center

 

Houston, TX

 

 

10

%

 

 

10

%

Park Ten Surgery Center

 

Houston, TX

 

 

10

%

 

 

10

%

Foundation Surgery Affiliate of Middleburg Heights, LLC

 

Middleburg Heights, OH

 

 

10

%

 

 

10

%

Foundation Surgery Affiliate of Huntingdon Valley, LP

 

Huntingdon Valley, PA

 

 

20

%

 

 

20

%

New Jersey Surgery Center, LLC

 

Mercerville, NJ

 

 

10

%

 

 

10

%

Foundation Surgery Affiliate of Northwest Oklahoma City, LLC

 

Oklahoma City, OK

 

 

20

%

 

 

20

%

Metropolitan Medial Partners, LLC ("Chevy Chase")

 

Chevy Chase, MD

 

 

0

%

 

 

18

%

Cumberland Valley Surgery Center, LLC

 

Hagerstown, MD

 

 

32

%

 

 

32

%

Frederick Surgical Center, LLC

 

Frederick, MD

 

 

20

%

 

 

20

%

 

Summary of Unaudited Results of Operations and Financial Position of Equity Investments in Affiliates

The results of operations and financial position for the years ended and as of December 31, 2014 and 2013, respectively, of the Company’s equity investments in Affiliates are as follows:

 

 

2014

 

 

2013

 

Net operating revenues

 

$

93,657,544

 

 

$

186,777,871

 

Net income

 

$

22,016,318

 

 

$

40,559,684

 

Current assets

 

$

20,145,429

 

 

$

44,091,846

 

Noncurrent assets

 

 

40,297,744

 

 

 

44,668,968

 

Total assets

 

$

60,443,173

 

 

$

88,760,814

 

Current liabilities

 

$

13,343,319

 

 

$

31,891,679

 

Noncurrent liabilities

 

 

21,489,753

 

 

 

29,015,316

 

Total liabilities

 

$

34,833,073

 

 

$

60,906,995

 

Members' equity

 

$

25,610,100

 

 

$

27,853,819