By Mecklenburg Times staff reports
Published: May 9,2011
MedCath Corp. this morning said it had a second-quarter net loss of $13.5 million, or 67 cents per share, up from a net loss of $11.2 million, or 57 cents per share, in the same quarter a year ago. The Charlotte-based company said results were affected by a $19.5 million impairment charge related to a reduction [...]
By Mecklenburg Times staff reports
Published: May 6,2011
MedCath Corp. today said it has completed the $5 million sale of its ownership interest and management agreement in Coastal Carolina Heart to New Hanover Regional Medical Center in Wilmington. CCH, part of the company’s MedCath Partners division, provides catheterization laboratory management services to New Hanover. MedCath had a 9.2 percent ownership interest in CCH. MedCath [...]
By Mecklenburg Times staff reports
Published: May 5,2011
MedCath Corp. said today that it has completed the $25 million sale of the majority of the assets of its MedCath Partners division to DLP Healthcare. DLP is a joint venture of LifePoint Hospitals and Duke University Health System. Charlotte-based MedCath said it expects to receive about $16 million from the sale, after closing costs, taxes and other expenses. MedCath intends [...]
By Mecklenburg Times staff reports
Published: February 10,2011
Charlotte-based MedCath Corp. today said it had net income of $37 million, or 1.86 a share, in the first quarter of 2011, compared with a loss of $2.7 million, or 13 cents a share, in the same quarter last year. Net revenue increased 1.2 percent to $88.9 million from $87.8 million over the same period. MedCath [...]
By Mecklenburg Times staff reports
Published: January 3,2011
Charlotte-based MedCath Corp. said Monday it has sold substantially all of the assets of TexSan Heart Hospital to Methodist Healthcare System of San Antonio for approximately $78.5 million, plus retention of working capital. The company announced in November that it had entered into an agreement to make the sale to MHS. MedCath said it expects to receive approximately $58.0 [...]
By Mecklenburg Times staff reports
Published: November 23,2010
Charlotte-based MedCath Corp. said Tuesday it had a $21.1 million net loss, or $1.06 per basic share, in the fourth-quarter, compared with a loss of $58.6 million, or $2.97 per basic share, in the same quarter last year. The health care provider also provided results for the fiscal year that ended Sept. 30, reporting a [...]
By Mecklenburg Times staff reports
Published: November 8,2010
Charlotte-based MedCath Corp. said today it has entered into an agreement to sell substantially all the assets of San Antonio-based Texsan Heart Hospital to Methodist Healthcare System of San Antonio. The sale is expected to be complete during MedCath’s second fiscal quarter of 2011, which ends March 31. It is MedCath’s fifth sale since the [...]
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