IntegraMed grows revenue, profit
-
- April
- 30
IntegraMed America Inc., the Purchase company that runs vein clinics and fertility centers, said this morning its first-quarter profit rose to $920,000 from $621,000.
On a per-share basis, the company earned 10 cents in this year’s quarter, compared with 7 cents last year.
Revenues rose to $52.36 million from $45.61 million.
IntegraMed’s chief executive, Jay Higham, said in a statement released by the company, “Our businesses continue to perform well in a challenging economic environment, reaffirming our strategy of focusing on emerging niche medical specialties.”
The company’s revenue from all three of its business units grew.
Revenue from the fertility center business, the largest unit, grew 11 percent to $36.3 million. The increase was driven by a 7.6 percent rise money taken in by centers open at least a year. In addition, the company got revenue from the addition of new clinics.
Revenues from IntegraMed’s vein clinics business grew 22.7 to $10.8 million compared to $8.8 million in the year-ago quarter.
Consumer services revenue grew 30 percent to $5.2 million.
This entry was posted
on Thursday, April 30th, 2009 at 1:50 pm by Allan Drury.
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