Advertisement
YOU ARE HERE: LAT HomeCollections

ORANGE COUNTY BRIEFLY

Medical Asset Management Posts Net Loss

September 13, 1997

LAGUNA HILLS — Medical Asset Management Inc., a physician practice management company, posted a net loss of $5 million, or 34 cents a share, for 1996, which included a $2-million charge for losses on lawsuit settlements, terminations of certain agreements, a write-off of a franchise agreement and a $2-million increase in general and administrative expenses. For 1995, the company lost $1.5 million, or 15 cents a share. Revenue increased 89% to $12.1 million from $6.4 million.

Advertisement
Los Angeles Times Articles
|
|
|