Charter to Post $210 Million Loss

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Charter Medical Corporation, of Macon, Georgia, will post a net loss of about $210 million for its year ended September 30, 1990. This compares to a loss of $36.7 million for the same period a year earlier. The company will also write down about $100 million in assets and reserves, according to an article entitles 'Charter Medical Will Post Yearly Loss of $210 Million; Restructuring Possible' by Glenn Ruffenbach that appeared in the December 31, 1990 issue of The Wall Street Journal. Analysts maintain that a financial . . .