Big Question Answered
Why the Non-controlling interest's adjusted operating EBITDA is so large. That is because the non-controlling interest serves more ASCs than the 100% owned shareholders interest. By far! Therefore, the non-controlling interest always has a disproportionate share (too large) of the "ebitda" and net and comprehensive income. The number of ASCs served by "partners" is about 33. The number by 100% owned shareholders is about 19! Surprised? Oddly, if the shareholders did not own over half of the "partners", the partners would receive the lions share of proceeds. One other important number is corporate expenses (a significant amount). The shareholders bear that entire expense. The "partners" do not share that expense diminishing further the shareholders portion. Quite a mouthful here, but the bottom line is, the shareholders interest produces very impressive numbers! GLTA