Company’s Profits Fall

From Associated Press

American Medical International Inc. of Beverly Hills said today that its second-quarter profit was 25% below levels of a year ago, primarily because the company sold 36 of its hospitals to an employee stock plan.

The health care company said it earned $18.1 million, or 26 cents a share, in the second quarter, down from $24.1 million, or 30 cents a share in the second quarter of 1988.