NeighborCare revenues jump $200 million in fiscal 2004.In its first year as a stand-alone company stand-alone company An independent operating firm. For example, a large diversified firm may consider spinning off a subsidiary because, as a stand-alone company, the subsidiary would command a higher price-earnings ratio than the parent. , Baltimore-based NeighborCare Inc. posted adjusted net revenue of $1.5 billion for fiscal year 2004. a 10.2 percent gain from the $1.3 billion earned in fiscal 2003 as part of Genesis HealthCare  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Corp. For the quarter. NeighborCare's net revenues totaled $377.4 million, up from $322.9 million in fourth quarter of fiscal 2003. John J. Arlotta. NeighborCare's president and chief executive officer, said he was proud of the progress the company made in 2004. "Despite anticipated industry pricing and reimbursement dynamics that have created a headwind head·wind or head wind n. A wind blowing directly against the course of an aircraft or ship. headwind Noun a wind blowing directly against the course of an aircraft or ship , our people are executing well on our plan to transform our company and our industry," he said, The company is one of the industry's leading providers of pharmaceutical services, serving nearly 263,000 beds as of September 2004, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. NeighborCare and Genesis HealthCare split up in December 2003. |
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