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Health plans provider integrates health risk management applications

Published in Healthcare Mergers, Acquisitions and Ventures Week, November 13th, 2004

QMed, Inc., (NASDAQ:QMED) announced financial results for the third quarter ending August 31, 2004. Revenues for the 3 months ended August 31, 2004, were $3,273,083 compared to $3,164,912 a year ago.

The net loss was $(1,180,896) or $(.08) per share compared to $(676,054) or $(.05) in the year earlier.

Michael W. Cox, president and CEO, said, "During this quarter we made significant gains in the enrollment in our new health plan contracts signed earlier this year, as well as our Medicare HeartPartners projects in California and Arizona. Three of these new plans are in new or expanded geographic regions and we are pleased to say that physician...

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