PPM/MSO News
PPM/MSO News
• PhyCor (Nashville, TN) reported a loss in FY99 in part because of charges taken in the sale of eight clinics and the pending sale of 11 others. In addition, Doctors at PhyCor’s St. Petersburg-Suncoast Medical Group said in November they are working to end their 40-year contract with PhyCor, reported the St. Petersburg Times.
• Integrated Orthopaedics (Houston) has sold to Front Range Orthopedic P.C. and FROC P.C. the assets used to manage Front Range’s practice. The assets sold for $2.1 million. Integrated Orthopaedics said it has also terminated the management services agreement for that practice.
• IntegraMed America (Purchase, NY) posted a net loss in 4Q99 ended Dec. 31 of $1.1 million, 24 cents per share, compared to a net income in 4Q98 of $434,000, 8 cents per share. The company saw revenues in 4Q99 of $12.7 million, a 19.1% increase over 4Q98 revenues. For the year, the company recorded revenues of $46 million, a jump of almost 20% from FY98 revenues.
Subscribe Now for Access
You have reached your article limit for the month. We hope you found our articles both enjoyable and insightful. For information on new subscriptions, product trials, alternative billing arrangements or group and site discounts please call 800-688-2421. We look forward to having you as a long-term member of the Relias Media community.