News Report | May 31, 2004
Manor Care Announces 9.1% First Quarter Revenue Increase
May 31, 2004
Manor Care Announces 9.1% First Quarter Revenue Increase
Manor Care Inc. announced on April 13, 2004, a first-quarter net income of $41.1 million, or 46 cents per diluted share, compared with $31.1 million, or 33 cents per share, a year ago. Revenues in the 2004 first quarter were $797 million, an increase of $67 million, or 9.1 percent, from the 2003 first quarter. During the 2004 first quarter, the company sold four skilled nursing centers and other assets, which combined with related actions, resulted in a net . . .