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Business & Finance
Managed care company announces third quarter results up 261%
December 6th, 2004
NationsHealth, Inc., (NASDAQ:NHRX) announced financial results for its third quarter ended September 30, 2004. Net revenue for the third quarter of 2004 was $20.1 million, up 261% over the third quarter of 2003 and up 8% over the second quarter of 2004. The third quarter net loss was up 7% year-over-year, to $888,000, but down 79% from the preceding quarter. Glenn M. Parker, MD, NationsHealth, Inc.'s chief executive officer, commented, "The completion of the merger between NationsHealth Holdings, L.L.C. and Millstream Acquisition Corporation on August 31st represents an important milestone for our company. By adding approximately $9.8 million of cash...
Source: Obesity & Diabetes Week (2004-12-06)
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