Hasco performs well in third quarter
By HME News Staff
Updated Thu November 20, 2014
ADDISON, Texas - Hasco Medical's revenues were $23.8 million for the third quarter of 2013, a 22% increase over third quarter 2013. The handicap-accessible vans, parts and service provider's gross profit increased 34% to $6.3 million over the same quarter a year ago, while net income increased 93% to a record $0.8 million vs. 2013. The overall growth is attributed to an increase in private-pay business for van sales, and the addition of Auto Mobility Sales, acquired last September, stated a press release. "To support continued growth, we are expanding our footprint on the East Coast,” said Hasco CEO Hal Compton. “This includes the opening of a new wheelchair accessible van dealership to service customers in the Baltimore metropolitan area, which marks our 20th location.”
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