AHP turns around

Saturday, June 30, 2007

BRENTWOOD, Tenn. - American HomePatient reported revenues of $76.9 million for the quarter ended March 31 compared to revenues of $79 million for the same quarter last year. Net income, however, was $1.1 million for the quarter compared to a net loss of $700,000 last year. Operating expenses decreased $3.1 million or 8.2%. The provider blamed the $2.1 million dip in revenues to "non-focus product lines, such as durable medical equipment and infusion therapy."