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Business & Finance
Healthcare staffing, management services provider reports Q1 2005 results
June 6th, 2005
Team Health, Inc. announced results for its first quarter ended March 31, 2005. For the first quarter of 2005, net revenue less provision for uncollectibles decreased 4.1% to $250.6 million from $261.4 million in the first quarter of 2004. The decrease was primarily due to a reduction in the Company's military staffing business as a result of the military's re-contracting process completed in late 2004. Excluding the impact of the re-contracting process, net revenue less provision increased $15 million. Same contract revenue less provision increased $20.6 million, or 11.5%, to $200 million in the first quarter of 2005 from $179.4 million for the same...
Source: Biotech Business Week (2005-06-06)
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