Community Psychiatric Centers, Santa Ana, announced net...
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Community Psychiatric Centers, Santa Ana, announced net earnings for the fiscal year ended Nov. 30 of $60 million, a 17% gain over the $51.3 million posted in the prior year. Total revenues increased 20% to $295.6 million in the company’s fiscal 1987 from $246.8 million a year earlier. For its fourth quarter, Community Psychiatric reported net earnings of $13.3 million, up 17.7% from $11.3 million a year earlier. Revenues were $74.1 million, up 18.4% from the $62.6 million posted in the fourth quarter of fiscal 1986. Community Psychiatric Centers owns and operates a chain of acute psychiatric hospitals. It also provides alcoholic treatment services, operates a chain of kidney dialysis centers and owns a business offering home health care services.
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