Extendicare posts another profit gain. (Under the Wire).One of the largest nursing-home operators recently reported its third consecutive quarterly profit for this year, compared to a loss of $4.1 million, or 6 cents a share, a year earlier. Net earnings for Extendicare Inc were $2.1 million, or 3 cents a share in the second quarter Pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern earnings from health care operations grew, by $12 2 million in the quarter, and revenue from ongoing operations grew 4 7 per cent to $4298 million. "Based on the strong financial performance year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , we continue to anticipate that Extendicare will be profitable from ongoing operations in 2002," CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mel Rhinelander said in a prepared statement. Extendicare, through its subsidiaries, operates 261 homes and provides medical specialty medical specialty Any specialty that provides non-interventional Pt management, ie with drugs, or with minimum intervention–eg, balloon catheterization Examples Internal medicine–allergy and immunology, cardiology, gastroenterology, hematology/oncology, services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and home health care services in Canada. "The magnitude of our earnings will be subject to the U.S. Congress upcoming decision regarding Medicare funding," said Rhinelander's statement. |
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