SafeGuard Health Enterprises Inc.: The Anaheim health...
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SafeGuard Health Enterprises Inc.: The Anaheim health care marketing company said net income rose 48% to a record $1.3 million, or 27 cents a share, for the third quarter, from $895,000, or 18 cents a share, a year ago. Revenue increased 37% to $27.6 million from $20.1 million. Net income for the first three quarters of the year climbed 36% to $3.8 million, or 76 cents a share, from $2.8 million, or 56 cents a share, for the 1996 nine-month period. Revenue gained 34% to $78.8 million from $58.6 million.
The results include the first full quarter of contributions from Advantage Dental Health Plans, which was acquired in May. During the third quarter, SafeGuard completed the sale of its 32 general dental practices for $17.5 million.
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