Earnings reports
By HME News Staff
Updated Fri March 31, 2006
Just like Apria and Lincare, Rotech Healthcare's recent financial performance suffered in 2005 due to cuts in Medicare reimbursement, the Orlando, Fla.-based company reported in late February. Rotech reported net earnings of $4.3 million for the quarter ended Dec. 31, 2005, compared to net earnings of $8.9 million for the same period last year...By integrating operations and completing more than a dozen acquisitions, Southfield, Mich.-based Arcadia Resources reported $33.3 million in revenues for the quarter ended Dec. 31, 2005, compared to $28.1 million for the same quarter the previous year.
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