Advanced Health Corporation Reports Positive Earnings Adjustment For Year End 1996.TARRYTOWN Tarrytown (târ`ētoun), village (1990 pop. 10,739), Westchester co., SE N.Y., a residential suburb of New York City, on the E bank of the Hudson opposite Nyack; settled in the 17th cent. by the Dutch, inc. 1870. , N.Y.--(BUSINESS WIRE)--April 1, 1997--Advanced Health Corporation (Nasdaq:ADVH) today announced a positive adjustment to its after tax net loss and net loss per share for the year ended December December: see month. 31, 1996. Advanced Health Corporation has filed its Annual Report on Form 10K for the year ended December 31, 1996. As a result of the Company's determination, a deferred income tax benefit of approximately $1.0 million has been recorded in the current year's results of operations. The Company therefore has reported a pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta loss of ($2.4) million and an after tax loss of ($1.5) million and a net loss per share of ($0.26). The Company previously reported an unaudited loss of ($2.4) million without giving consideration to the aforementioned a·fore·men·tioned adj. Mentioned previously. n. The one or ones mentioned previously. aforementioned Adjective mentioned before Adj. 1. tax benefit. Advanced Health Corporation is a leading physician practice management company that vertically integrates practice and network management services with clinical information systems. Unlike other physician practice management companies, Advanced Health partners with - instead of purchases - physician group practices, thereby maintaining physicians' independence and providing optimal incentives to achieve practice success. ADVH provides physician practice and network management and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" through its Advanced Health Management subsidiary and currently serves over 1,800 physicians. ADVH provides clinical information systems through its Advanced Health Med-E-Systems' subsidiary; these systems provide physicians with patient-specific clinical and health plan information at the point of care to improve the quality and reduce the costs of health care. -0- Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : This release is also available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the over the World Wide Web: http: //www.advhealth.com and http: //www.noonanrusso.com CONTACT: Victoria Feder Advanced Health Corporation (914) 524-4204 e-mail: vfeder@advhealth.com or Noonan/Russo Communications, Inc. (212) 696-4455 Pam Burian (investors), ext. 213 Michele Helm (media), ext. 225 e-mail: news@noonanrusso.com |
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