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Weekly News Wire | May 17, 2004

Beverly Announces Revenue Growth during First Quarter of 2004

May 17, 2004 Beverly Announces Revenue Growth during First Quarter of 2004 On May 4, 2004, Beverly Enterprises Inc. (Beverly) announced that double-digit revenue growth and a significant improvement in operating margins resulted in net income totaling $23.4 million for the first quarter of 2004 (22 cents per share diluted), compared to $12.2 million (12 cents per share diluted) in the same period of 2003. “During the past three years, we’ve taken aggressive actions as part of the turnaround of Beverly Enterprises to improve quality of care, upgrade our skilled nursing facility portfolio, grow our service . . .

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