COLUMBIA, S.C., Feb. 13 /PRNewswire-FirstCall/ -- UCI Medical Affiliates, Inc. (OTC Bulletin Board: UCIA) announced today that revenue for the quarter ended December 31, 2007 increased seven percent to $18,259,000 from $17,043,000 for the quarter ended December 31, 2006.
The Company reported pretax net income of $381,000 or $.04 per share for the quarter ended December 31, 2007, as compared to $1,356,000 or $.14 per share for the quarter ended December 31, 2006. The Company reported net income of $230,000 or $.02 per share for the quarter ended December 31, 2007, as compared to $844,000 or $.09 per share for the quarter ended December 31, 2006.
"UCI has produced another solid quarter, particularly in the face of a deteriorating economy. Our 59 offices produced revenue growth of seven percent, though our margins decreased as an expected result of this growth," said D. Michael Stout, M.D., President and Chief Executive Officer. "We take great pride in our enhanced position as the premier medical care delivery organization in South Carolina."
The Company's December 31, 2007 balance sheet reflects total assets of $30,507,000 as compared to $30,722,000 at September 30, 2007 while stockholders' equity at December 31, 2007 was $18,101,000 as compared to $17,871,000 at September 30, 2007.
"With the opening of our Carolina Forest office in November, we now have seven offices in the Grand Strand region," said Jerry F. Wells, Jr., CPA, Executive Vice President and Chief Financial Officer. "We are also pleased to announce the recent opening of our Florence office, which is allowing us to expand our services to reach even more patients in South Carolina."
UCI Medical Affiliates, Inc. provides non-medical management and
administrative services for freestanding medical centers, which operate as
Doctors Care, Progressive Physical Therapy Services, Luberoff Pediatrics
and Carolina Orthopedic and Sports Medicine providing family care, urgent
|SOURCE UCI Medical Affiliates, Inc.|
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