Accredo Health, Inc.

Pharmaceutical firm reports 15% increase in income

Published in Medical Device Business Week, September 29th, 2004

Accredo Health, Inc., (ACDO) reported record results for its fourth quarter and year ended June 30, 2004.

Net income for the quarter increased 15% to $19.8 million, or $0.40 per diluted share, compared to $17.2 million, or $0.36 per diluted share, for the same period in fiscal 2003.

Revenues for the quarter increased 16% to $382.8 million compared to $329.1 million for the same period in fiscal 2003. For the year, net income was $78.3 million, or $1.60 per diluted share, compared to $29.5 million, or $0.61 per diluted share, in fiscal 2003. For the year, revenues increased 10% to $1.517 billion compared to $1.373 billion in fiscal 2003.

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Source: Medical Device Business Week (2004-09-29)

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