July 22, 2014 11:30 AM ET

Healthcare Providers and Services

Company Overview of Aurora Diagnostics, LLC

Company Overview

Aurora Diagnostics, LLC, a specialized laboratory company, provides unsurpassed diagnostic, prognostic, and therapeutic information and services to physicians, hospital systems, and researchers in the United States. It offers pathology services, such as dermatopathology, gastrointestinal and hepatic pathology, hematopathology, and genitourinary; and pathology services to women’s health care providerpathology. The company also provides molecular diagnostic services that focus on pharmacogenomics, oncology, women’s health, and infectious diseases; and hospital-based clinical and management solutions, such as anatomic and clinical, professional component, and technical component pathology servi...

11025 RCA Center Drive

Suite 300

Palm Beach Gardens, FL 33410

United States

Founded in 2006

1,102 Employees

Phone:

866-420-5512

Fax:

561-626-4530

Key Executives for Aurora Diagnostics, LLC

Chief Executive Officer and President
Age: 66
Chief Information Officer and Senior Vice President
Age: 46
Special Advisor and Manager
Age: 68
Executive Vice President of Sales & Marketing
Age: 44
Compensation as of Fiscal Year 2014.

Aurora Diagnostics, LLC Key Developments

Aurora Diagnostics Reports Financial Results for the First Quarter Ended March 31, 2014

Aurora Diagnostics, LLC reported financial results for the first quarter ended March 31, 2014. Net revenue in the first quarter was $57 million compared to $61 million for the first quarter of the prior year, a decrease of approximately $4 million or 6%. Average revenue per accession decreased to $115 for the first quarter of 2014 from $117 for the same period in 2013, representing a $1.3 million reduction in net revenue. The decrease in the revenue per accession compared to the first quarter of '13 was primarily caused by reductions in Medicare reimbursement rates, including changes to the fee schedule effective January 1, 2014, and sequestration, which became effective April 1, 2013. Adjusted EBITDA was $7.6 million for the quarter ended March 31, 2014, compared to $7.7 million for the first quarter of 2013.

Aurora Diagnostics, LLC, Q1 2014 Earnings Call, May 20, 2014

Aurora Diagnostics, LLC, Q1 2014 Earnings Call, May 20, 2014

Aurora Diagnostics Holdings, LLC Announces Consolidated Earnings Results for the Third Quarter Ended September 30, 2013

Aurora Diagnostics Holdings, LLC announced consolidated earnings results for the third quarter ended September 30, 2013. For the quarter, the company reported that net revenue from continuing operations was $62.1 million compared to $69.4 million for the third quarter the prior year, a decrease of $7.3 million or approximately 10%. The decline in revenue reflected a decrease in the average net revenue per accession of about 10% and lower overall accession volume of about 1%. Revenue per accession was approximately $114, which was unchanged from second quarter. The decrease in the revenue per accession compared to the third quarter of 2012 was primarily caused by reductions in Medicare reimbursement rates, including changes to the fee schedule effective January 1, 2013 and sequestration. Adjusted EBITDA from continuing operations was approximately $10.4 million or approximately 16.7% of net revenue compared to $16.5 million or 23.8% margin for third quarter of 2012.

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