Regency Health Services: The Newport Beach company...

Regency Health Services: The Newport Beach company said Monday that acquisition of almost a dozen facilities late last year is largely responsible for strong revenue and earnings for the latest three months.

For its first fiscal quarter, which ended Sept. 30, the company’s profit more than doubled to $1.2 million, or 17 cents a share, from $577,000, or 19 cents a share, for the same period a year earlier. Income per share fell, the company said, because it spent $89,000 to retire some debt. The 6-year-old operator of health-care facilities posted first-quarter revenue of $26.5 million, up 70% from $15.5 million for the previous first quarter.

The company said that purchase of 10 health-care facilities that added 944 beds to the Regency Health Services network was the main reason for the jump in earnings and revenue. The acquisitions, completed in December, accounted for $7.6 million in revenue for the latest quarter, the company said.