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BUSINESS
March 13, 1992 | CRISTINA LEE, TIMES STAFF WRITER
A Chicago investment group has increased its stake in Readicare Inc. to 10.3% but says it has no plans to seek control of the operator of outpatient medical centers specializing in workers' compensation claims. Harris Associates L.P., an investment advisory firm and mutual funds manager, has nearly doubled its stake in Irvine-based Readicare by acquiring 417,800 shares of the company's stock, boosting its total holdings to 852,000 shares. The company previously owned 5.3% of Readicare.
BUSINESS
August 2, 1991
ReadiCare Inc., an Irvine-based operator of workers' compensation medical centers, began trading its common shares Thursday on the American Stock Exchange under the ticker symbol RDI. ReadiCare's stock was previously traded on the over-the-counter market under the symbol REDI.
BUSINESS
February 8, 1992 | From Times Staff and Wire Reports
ReadiCare Announces Stock Purchases: ReadiCare Inc., which operates a chain of outpatient medical centers specializing in worker compensation claims, said Friday that two companies have bought 11% of its stock. Eagle Asset Management Inc. acquired 6% of ReadiCare's stock, or 493,500 shares, and Harris Associates L.P. holds a 5% stake, or 435,000 shares, according to a filing with the Securities and Exchange Commission. ReadiCare, based in Irvine, has 8.3 million shares outstanding.
BUSINESS
May 31, 1991 | BOB SCHWARTZ, TIMES STAFF WRITER
ReadiCare Inc., which operates workers' compensation medical and rehabilitation centers, said Thursday that it had canceled plans for a secondary public offering this week of 1.75 million shares of company stock. "The company believes that current market conditions are unfavorable to effect the completion of the stock offering at a price and on a basis that would be in the best interest of the company and its stockholders," ReadiCare President Dennis G. Danko said in a statement.
BUSINESS
July 27, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
ReadiCare Inc., the West Coast's largest operator of medical centers that treat workers compensation cases, said Thursday that it plans a $2-million expansion program to add six new facilities in California and Washington. The additional sites, scheduled to come on line by November, will bring to 50 the number of medical service centers owned, managed or under development by ReadiCare on the West Coast.
BUSINESS
April 21, 1989 | JOHN O'DELL, Times Staff Writer
ReadiCare Inc., pursuing a plan to divest 20% of its industrial emergency medical clinics because government insurance payments are not covering operating costs, on Thursday posted a fiscal 1989 loss of $3.6 million, compared with earnings a year earlier of $1.6 million. The 7-year-old company, based in Irvine, said the loss was caused by a one-time, $4.4-million charge in the fourth quarter reflecting costs of shutting down or selling six of its 30 centers and relocating a seventh.
BUSINESS
February 8, 1992 | From Times Staff and Wire Reports
ReadiCare Announces Stock Purchases: ReadiCare Inc., which operates a chain of outpatient medical centers specializing in worker compensation claims, said Friday that two companies have bought 11% of its stock. Eagle Asset Management Inc. acquired 6% of ReadiCare's stock, or 493,500 shares, and Harris Associates L.P. holds a 5% stake, or 435,000 shares, according to a filing with the Securities and Exchange Commission. ReadiCare, based in Irvine, has 8.3 million shares outstanding.
BUSINESS
August 2, 1991
ReadiCare Inc., an Irvine-based operator of workers' compensation medical centers, began trading its common shares Thursday on the American Stock Exchange under the ticker symbol RDI. ReadiCare's stock was previously traded on the over-the-counter market under the symbol REDI.
BUSINESS
May 31, 1991 | BOB SCHWARTZ, TIMES STAFF WRITER
ReadiCare Inc., which operates workers' compensation medical and rehabilitation centers, said Thursday that it had canceled plans for a secondary public offering this week of 1.75 million shares of company stock. "The company believes that current market conditions are unfavorable to effect the completion of the stock offering at a price and on a basis that would be in the best interest of the company and its stockholders," ReadiCare President Dennis G. Danko said in a statement.
BUSINESS
April 12, 1991 | LESLIE BERKMAN, TIMES STAFF WRITER
Benefiting from business growth and cost reductions, ReadiCare Inc., the West Coast's largest operator of medical facilities for injured workers , said Thursday it realized net income of $2.7 million in its 1991 fiscal year, up 57% from $1.7 million for the previous year. The company, based in Irvine, posted revenue of $56.5 million for the 12 months ended Feb. 28, an increase of 21% over $46.6 million for fiscal 1990.
BUSINESS
March 13, 1992 | CRISTINA LEE, TIMES STAFF WRITER
A Chicago investment group has increased its stake in Readicare Inc. to 10.3% but says it has no plans to seek control of the operator of outpatient medical centers specializing in workers' compensation claims. Harris Associates L.P., an investment advisory firm and mutual funds manager, has nearly doubled its stake in Irvine-based Readicare by acquiring 417,800 shares of the company's stock, boosting its total holdings to 852,000 shares. The company previously owned 5.3% of Readicare.
BUSINESS
April 12, 1991 | LESLIE BERKMAN, TIMES STAFF WRITER
Benefiting from business growth and cost reductions, ReadiCare Inc., the West Coast's largest operator of medical facilities for injured workers , said Thursday it realized net income of $2.7 million in its 1991 fiscal year, up 57% from $1.7 million for the previous year. The company, based in Irvine, posted revenue of $56.5 million for the 12 months ended Feb. 28, an increase of 21% over $46.6 million for fiscal 1990.
BUSINESS
July 27, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
ReadiCare Inc., the West Coast's largest operator of medical centers that treat workers compensation cases, said Thursday that it plans a $2-million expansion program to add six new facilities in California and Washington. The additional sites, scheduled to come on line by November, will bring to 50 the number of medical service centers owned, managed or under development by ReadiCare on the West Coast.
BUSINESS
April 21, 1989 | JOHN O'DELL, Times Staff Writer
ReadiCare Inc., pursuing a plan to divest 20% of its industrial emergency medical clinics because government insurance payments are not covering operating costs, on Thursday posted a fiscal 1989 loss of $3.6 million, compared with earnings a year earlier of $1.6 million. The 7-year-old company, based in Irvine, said the loss was caused by a one-time, $4.4-million charge in the fourth quarter reflecting costs of shutting down or selling six of its 30 centers and relocating a seventh.
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