Summit's Quarterly Profit Falls From Year Earlier

Summit Health Ltd. said its fiscal first-quarter profit fell 15% from a year earlier, to $1.1 million from $1.3 million.

Summit, a Burbank-based operator of hospitals and other health-care facilities, said its revenue for the quarter that ended Sept. 30 edged up 2%, to $93.3 million from $91.8 million.

The company, which lost $8.4 million its fiscal year that ended June 30, said last month that it might sell its long-term care group to reduce its debts.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
65°