ANALYTICAL NURSING MANAGEMENT CORPORATION REPORTS 1994 RESULTS.BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.--(BUSINESS WIRE)--April 5, 1995--Analytical Nursing
Management Corporation (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANMC ANMC Alaska Native Medical Center ANMC American National Metric Council ANMC Alliance Nationale des Mutualités Chrétiennes ANMC Asian Network of Major Cities ANMC Anglers' Net Members Club ANMC Anniston Munitions Center (US Army) ) announced today results for the year ended Dec. 31, 1994. Revenues for the 12 months ended Dec. 31, 1994 totaled $24,482,227, compared with $13,961,242 for the nine months ended Dec. 31, 1993, a 32% increase on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. (ANMC went public through a reverse merger with M&N Capital Corp. on Dec. 21, 1993). Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for the 12 months was $273,045, compared with an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $53,200 for the nine months ended Dec. 31, 1993. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was affected by costs associated with the opening of new home health care offices and the implementation of primary care operations. Net income for the year ended 1994 was $5,969, compared with a net loss of $68,782, or $(.05) in the nine months ended Dec. 23, 1993. William F. Borne, chief executive officer of ANMC attributes the revenue increase primarily to revenues generated by the company's nursing service division. "Home health care is our fastest growing area accounting for 42% of revenues," he said. "During 1994 we added four new home health care locations to the original nine and increased visits 102%. We also acquired a home health care company in Northeast Louisiana. "In March 1994 the company began developing a primary care network and has already established five clinics in its system. Our strategy is to continue building the primary care network and the home health care business to provide patients with greater access to healthcare and cost effective services, and to position the company for managed care. Long term, our strategy is to build a fully integrated healthcare system," Borne added. ANMC is a diversified healthcare company offering home health care, provisional medical staffing and primary care in rural areas. -0-
Financial Results
Analytical Nursing Management Corp.
For the Year For the Nine Months
Ended Ended
Dec. 31, Dec. 31,
1994 1993(a)
Revenues $24,482,227 $13,961,242 Net Service Revenue 8,728,171 4,678,268 Operating Income (Loss) 273,045 (53,200) Income (Loss) Before Minority Interest in Net Income of Consolidated Subsidiary 20,911 (68,782) Minority Interest in Net Income of Consolidated Subsidiary (14,942) --- Net Income (Loss) 5,969 (68,782) Net Income Per Common Share -- (.05) Weighted Average Number of Shares of Common Stock 1,525,390 1,285,097 (a) On Dec. 21, 1993 ANMC went public through a reverse merger with M&N Capital Corp., a public corporation. CONTACT: Analytical Nursing Management Corporation Barbara Carey, 800/467-2662 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Adam I. Friedman/Joseph A. Mansi, 212/682-6300, ext. 215/205 |
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