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Health Net, Inc.
Health Net Reports First Quarter 2009 Adjusted1 Net Income of $42.3 Million, or $0.41 Per Diluted Share
May 24th, 2009
Health Net, Inc. (NYSE: HNT) announced 2009 first quarter GAAP net income of $22.0 million, or $0.21 per diluted share, compared with a loss of $35.7 million, or $0.33 per share, for the first quarter of 2008. The first quarter 2009 GAAP results include the effect of a $44.8 million pretax charge. The charge consists of $46.9 million for severance and other expenses related to the company’s previously announced operations strategy, reduced by a $2.2 million benefit from a litigation reserve true-up. Keywords: Health Net, Inc., Health Net Inc. This article was prepared by Pharma Investments, Ventures & Law Weekly editors from staff...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-24)
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