Lincare's first quarter revenues jump 19%

Tuesday, April 30, 2002

CLEARWATER, Fla. — Lincare Holdings reported revenues for the quarter ended March 31 of $228.5 million, a 19% increase over the same period last year.

Net income for the quarter ended March 31, 2002, was $45.2 million compared to net income of $31.5 million for the first quarter of 2001. During the first quarter of 2002, Lincare completed the acquisition of seven companies with annualized revenues of $16 million and operations in nine states.

The acquired businesses were located in Georgia, Maine, Michigan, Mississippi, Montana, North Carolina,North Dakota, South Dakota and Tennessee. North Dakota and South Dakota are new geographic territories for the company. HME