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December 9, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
"I'm done talking about a turnaround," says Donald J. Amaral, president of Summit Health Ltd. "It's time for us to start growing this business." This business is the 12 hospitals, 17 nursing homes and four retirement centers run by Summit, a Burbank-based company that hired Amaral three years ago when it was in big trouble. Summit was choking on excessive debt and mired in losses.
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BUSINESS
December 9, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
"I'm done talking about a turnaround," says Donald J. Amaral, president of Summit Health Ltd. "It's time for us to start growing this business." This business is the 12 hospitals, 17 nursing homes and four retirement centers run by Summit, a Burbank-based company that hired Amaral three years ago when it was in big trouble. Summit was choking on excessive debt and mired in losses.
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BUSINESS
December 1, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
"I'm done talking about a turnaround," says Donald J. Amaral, president of Summit Health Ltd. "It's time for us to start growing this business." This business is the 12 hospitals, 17 nursing homes and four retirement centers run by Summit, a Burbank-based company that hired Amaral three years ago when it was in big trouble. Summit was choking on excessive debt and mired in losses.
BUSINESS
December 1, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
"I'm done talking about a turnaround," says Donald J. Amaral, president of Summit Health Ltd. "It's time for us to start growing this business." This business is the 12 hospitals, 17 nursing homes and four retirement centers run by Summit, a Burbank-based company that hired Amaral three years ago when it was in big trouble. Summit was choking on excessive debt and mired in losses.
BUSINESS
April 28, 1992
Summit Health Ltd. of Burbank, citing a sharp rise in outpatient revenue, posted a net income of $3.8 million for its third quarter, more than double the profit it reported a year ago. Summit, which operates hospitals and other health-care facilities, said revenue for the quarter ended March 31 rose 18% to $119.4 million, compared with $101.7 million for the same quarter in the prior fiscal year. For the first nine months of its fiscal year, Summit's net income rose 84% to $9.8 million from $5.
BUSINESS
October 30, 1990 | JOHN MEDEARIS, TIMES STAFF WRITER
Summit Health Ltd., a Burbank-based hospital and nursing home chain that was on the critical list a year ago, seems to be on the road to recovery. Last week Summit reported that its earnings in the first quarter that ended Sept. 30 soared 56% to $1.6 million from $1.1 million a year ago, while revenues dipped slightly to $92.8 million from $93.3 million. The reasons for the improvement aren't dramatic.
BUSINESS
November 28, 1989 | JAMES F. PELTZ, TIMES STAFF WRITER
Summit Health Ltd., which operates 21 hospitals and 21 nursing homes and retirement centers, is seriously ill itself. The 12-year-old company lost $15 million in the past two years, piled up a mountain of debt and watched its stock plunge to $1.50 a share from $14 in 1985. What's the solution? Summit founder and Chairman Don Freeberg, and the rest of Summit's board, think that they found part of the answer last month in a 37-year-old numbers whiz named Donald J.
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