Integramed profits grow to $961,000
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- November
- 1
Integramed America Inc., a Purchase-based company that runs fertility centers and vein clinics, earned $961,000, or 11 cents a share, during the third quarter, compared with earnings of $582,000, or 7 cents a share, a year earlier, the company reported this morning.
Revenues rose 27 percent to $40.31 million, partly due to the performance of the company’s fertility business and partly due to the acquisition of the Vein Clinics division, which the company bought in August.
Jay Higham, the company’s chief executive, said Integramed has been putting new strategies in place that allow it to speed up its growth.
The company is pursuing mergers and adding practices to its to Fertility Centers division and adding more resources to its Consumer Services division, he said.
The Fertility Centers division is the company’s largest unit, producing $31.05 million of the quarter’s revenue. The rest of the revenue is split nearly evenly from Consumer Services and Vein Clinics.
The company’s shares closed at $13.66 yesterday, up 50 cents.
This entry was posted
on Thursday, November 1st, 2007 at 9:44 am by Allan Drury.
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