March 22, 1988
American Medical International Inc. reported Monday that earnings for the second quarter ended Feb. 29 were $24.1 million, compared to $28 million for the comparable period of fiscal 1987. Net revenue for the period totaled $719.4 million, an increase of 8.1% over net revenue of $665.5 million for the second quarter of fiscal 1987. Total first-half earnings were $63.3 million, compared to $56.6 million in the year-ago period. Second-quarter and first-half results included a gain of $20.
March 12, 1991 |
American Medical International Inc. said Monday it has agreed to sell the new 177-bed Irvine Medical Center for $75 million to a Los Angeles investment company and then to lease back the facility, which it will continue to operate. AMI, the Dallas-based hospital chain that developed Irvine Medical Center, said it has sold the center's buildings and the 25 acres on which it sits to American Health Properties, a real-estate investment trust, in order to raise funds to pay its large corporate debt.