American Medical International Inc.: The Beverly Hills...
From Times Staff and Wire Service Reports
American Medical International Inc.: The Beverly Hills health-care firm posted a first-quarter loss of $53.7 million, contrasted with a profit of $440,000 a year ago, as a result of one-time merger costs totaling $128 million relating to IMA Holdings Corp.’s purchase of about 86% of AMI’s outstanding common shares. Revenue rose 13% to $728 million. The firm, which operates 48 acute care and six psychiatric hospitals in the United States, plus 24 hospitals overseas, noted that excluding the merger costs, there were increased patient activity levels and progress in its cost-reduction and divestiture programs.
Tables, D5
