2nd-Quarter Loss Posted by National Health Care
National Health Care Systems Inc. of Irvine reported a net loss of $47,126 in the second quarter, compared with earnings of $21,439 in the year-earlier period. Revenues for the period fell 11% to $954,949, from $1 million in last year’s second quarter.
For the first six months of 1987, the operator of prepaid dental plans reported a net loss of $25,767, compared with net income of $55,601 a year earlier. Revenues for the first half totaled $1.9 million, an 11% decline from $2.1 million a year ago.
President Robert Kim said the loss was caused by expansion of National Health’s programs in Northern California and increased marketing expenses in Southern California. Revenues were reduced by the sale of the company’s two dental offices last December, Kim said.
The company also said it has named five new members to its nine-member board of directors, replacing four members who resigned, and adding one new seat.
The new members are James M. Schemke, a surgeon in Fairfield, Calif.; Gary A. Hudson, president of Hudson and Associates, a consulting firm in Davis, Calif.; Peter Collins, president of the New York investment banking firm Buckingham and Associates; Jeffrey Orlandini, president of Pacific Die Casting Co. in Paramount, and Alex Keenan, an attorney in San Francisco.
They replace U.T. Thompson, Bruce H. Haglund and Harold B. Weimer, who resigned for personal reasons during the year, and Arthur D. Axelrod, former president, who left the company earlier this year.
