Northstar Healthcare reports Q3 profit of $2.9 million, revenue down
11/11/2009 4:23:02 PM
Northstar Healthcare Inc. (TSX:NHC) said it earned $2.9 million in its latest quarter compared with a loss a year ago when the company took a one-time charge to goodwill. The provider of health care services in the United States, which keeps its books in U.S. dollars, said Wednesday that it earned $2.9 million or 19 cents per diluted share compared with a loss of $33.4 million or $2.40 per share a year ago. The results for the quarter included a foreign currency gain of $2.7 million compared with a $2.4-million loss on foreign currency, a $78.9-million charge to goodwill and intangibles and an $18.2-million gain related to fair value changes a year ago. Net patient service revenue totalled $6.8 million compared with $9.4 million in the same period last year. Northstar holds interests in two ambulatory surgery centres in Houston.
Source: Associated Press
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