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BUSINESS
July 19, 1999 | From A Times Staff Writer
Total Renal Care Holdings Inc., one of the largest U.S. operators of kidney dialysis centers, said late Sunday that its second-quarter results will fall below expectations and that its chairman and chief financial officer have resigned. Torrance-based Total Renal, which has been facing a raft of problems since merging with rival Renal Treatment Centers Inc., said higher operating expenses and lower sales will cause earnings to drop below the estimated 20 cents to 22 cents per share.
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BUSINESS
April 2, 1998
* Marina del Rey-based Quarterdeck Corp. said it expects to report a loss of "several million dollars" in the second quarter because net revenue will drop 20% to 25%. The software-development company said the revenue shortfall in the second quarter, compared with the previous period, came from pricing pressures in the U.S. retail market, outsourcing tele-sales operations, getting new products to market and deferred shipment of the newest products into international markets.
BUSINESS
January 29, 1998 | From Bloomberg News
Providers of kidney dialysis services could see a decline in earnings and revenue growth if Congress adopts a proposal to reduce Medicare payments for Amgen Inc.'s anti-anemia drug, Epogen, industry analysts said Wednesday. President Clinton on Saturday proposed a 10% cut in payments for Epogen by the government health insurance program for the elderly. The drug is acquired from Amgen by dialysis providers such as Torrance-based Total Renal Care Holdings Inc. and Renal Treatment Centers Inc.
BUSINESS
November 20, 1997 | SUSAN ABRAM, TIMES STAFF WRITER
Total Renal Care Holdings Inc., one of the nation's largest providers of dialysis services, on Wednesday said it agreed to acquire rival Renal Treatment Centers Inc. for about $1.2 billion in stock and assumed debt that would nearly double the size of the Torrance-based company. The acquisition would make Total Renal the No. 3 dialysis-center operator in the U.S. with 358 centers serving 25,900 patients in 32 states, including California.
BUSINESS
July 20, 1999 | JAMES F. PELTZ
Shares of once-highflying Total Renal Care Holdings Inc. crashed for the second time this year Monday after the big chain of dialysis centers again stunned Wall Street with a disappointing profit outlook--and said its chief executive is quitting and its chief financial officer has resigned. Investors promptly erased another one-third of Total Renal Care's market value, driving the stock down $4.25 to a close of $8.63 in heavy composite trading on the New York Stock Exchange.
BUSINESS
July 20, 1999 | JAMES F. PELTZ
Shares of once-highflying Total Renal Care Holdings Inc. on Monday crashed for the second time this year, after the big chain of dialysis centers again stunned Wall Street with a disappointing profit outlook--and said its chief executive is quitting and its chief financial officer has resigned. Investors promptly erased another one-third of Total Renal Care's market value, driving the stock down $4.25 to a close of $8.63 in heavy composite trading on the New York Stock Exchange.
BUSINESS
February 19, 1999 | SHARON BERNSTEIN, TIMES STAFF WRITER
Shares of Total Renal Care Holdings Inc. of Torrance, one of the nation's largest operators of dialysis clinics, collapsed Thursday, signaling continued trouble in the health-care industry as well as ongoing investor flight from the firm. The stock, which had already lost about a third of its value since the beginning of the year, fell $12.25, or 58%, to $8.75 and was the most briskly traded equity on the New York Stock Exchange.
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