Article: Ramsay Health Care, Inc. Announces Fiscal Year End Results.

CORAL GABLES, Fla., Oct. 5 /PRNewswire/ -- Ramsay Health Care, Inc. (Nasdaq: RHCI) today announced results for the fiscal year ended June 30, 1998.These results have been significantly impacted by asset write-downs and the establishment of reserves related to the divestiture of certain non-youth services assets and organizational restructuring. The write-offs and reserves recorded by the Company for the year totaled approximately $59.6 million.

Total revenues for the full fiscal year 1998 reached $155,453,000, an increase of 14% over total revenues of $136,719,000 in the prior year.The Company recorded a net loss of ($58,583,000) for the twelve ...

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