Dialysis Corporation of America Reports Third Quarter 20...( LINTHICUM Md. Nov. 4 /- Dialysis Corp...),Health

LINTHICUM, Md., Nov. 4 /PRNewswire-FirstCall/ -- Dialysis Corporation of America (Nasdaq: DCAI) announced its financial results for the third quarter of 2009.

• Quarter end patient census was approximately 2,050.
• Quarterly Results included:
  • Operating revenues were $25.1 million compared to $21.9 million for the same period last year, a 15% increase.
  • Operating income was $2.0 million compared to $1.5 million for the same period last year, a 30% increase.
  • Net income was $940,000 or $0.10 per basic and diluted share compared to $875,000 or $0.09 per basic and diluted share for the same period last year.
• Results for the first nine months of 2009 included:
  • Operating revenues were $73.3 million compared to $63.2 million for the same period last year, a 16% increase.
  • Operating income was $4.5 million compared to $4.0 million for the same period last year, a 13% increase.
  • Net income was $1.8 million or $0.19 per basic and diluted share compared to $2.0 million or $0.21 per basic and diluted share for the same period last year.
    

Stephen Everett, President and Chief Executive Officer, commented, "Our third quarter results were as we had expected, with very solid performances on all financial fronts. Our two newest centers in Ohio remain on track for opening within the next few months, subject to state licensure timing. On the corporate support front, our clinical information system is slightly ahead of schedule with expectations of completing our rollout close to this year's end, nearly four months ahead of plan. Finally, our development activities are active, with certain of those opportunities with physician partners being well advanced."

Financial results for the period included:

• Pre-tax costs assoc
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