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Article: Managed Care Solutions, Inc. Reports Results For the Nine Months and Third Quarter Ended February 1999.
- Article from:
- PR Newswire
- Article date:
- April 8, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- The Company Also Announces the Acquisition of AdviNet, Inc. -
PHOENIX, April 8 /PRNewswire/ -- Managed Care Solutions, Inc. (Nasdaq: MCSX) today reported financial results for the third quarter and nine months ended February 28, 1999. The company also announced the acquisition of AdviNet, Inc., a provider of personalized elder care consultation, referral and care management assistance.
Results Review
For the quarter ended February 28, 1999, the company reported net income of $618,000, or $0.11 per share, an increase of 251 percent over the comparable period in fiscal year 1998. Revenues rose 26 percent to $21,573,000 compared to $17,104,000 ...