First Choice Healthcare Solutions, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2017
April 03, 2018 at 08:30 am EDT
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First Choice Healthcare Solutions, Inc. reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported Total revenue of $28,744,047 against $29,464,082 a year ago. Net loss from operations was $4,410,166 against income of $139,653 a year ago. Net loss before provision for income taxes was $4,389,351 against income of $9,267,042 a year ago. Net loss was $4,389,351 against income of $9,267,042 a year ago. Net loss per diluted common share was $0.15 against income of $0.37 a year ago. Net cash used in operating activities was $1,554,615 against $3,506,359 a year ago. Purchase of equipment was $330,439 against $254,627 a year ago. Adjusted EBITDA was $2,507,303 against $3,348,658 a year ago.
First Choice Healthcare Solutions, Inc. is a provider of integrated healthcare service platform. The Company is focused on treating patients in the various specialties, such as orthopedics, spine surgery, neurology, interventional pain management and related diagnostic and ancillary services in the Brevard County, Florida and the surrounding area. The Company's subsidiaries include TBC Holdings of Melbourne, Inc. and First Choice Medical Group of Brevard, LLC. Its First Choice Medical Group of Brevard, LLC dba Emerge Healthcare, LLC is its flagship multi-specialty medical center, that specializes in the delivery of musculoskeletal medicine and rehabilitative care.