Advertisement

Apria Healthcare Group Inc.: The Costa Mesa...

Share

Apria Healthcare Group Inc.: The Costa Mesa company, created recently through the merger of Abbey Healthcare Group Inc. and Homedco Group Inc., posted a net loss for the third quarter of $112.2 million, or $2.32 a share, which included non-recurring charges of $169.2 million, primarily for merger-related and restructuring costs. For the like period last year, the company recorded profit of $14.1 million, or 30 cents a share. Revenue rose 13% to $277.7 million from $244.9 million. For the first nine months of the year, Apria had a net loss of $91.9 million, or $1.97 a share, contrasted with net income of $24.2 million, or 56 cents a share, for the year-earlier period. Revenue increased 21% to $849.6 million from $703.2 million.

Advertisement