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Metropolitan Health Networks Inc. Message Board

  • mnplumb mnplumb Aug 10, 2012 10:59 AM Flag

    Earnings are down???? Revenues up???

    Lets see we are going to make less on more revenues????? Go figure????

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    • HERE you Go:

      Operating expenses increased to $16.0 million for the second quarter of 2012 as compared to $6.2 million for the same period in 2011, an increase of $9.8 million or 158.1%. The increase in operating expenses is primarily due to the additional expenses of Continucare, an increase in amortization expense of $3.1 million related to the amortizable intangible assets recorded with the Continucare acquisition, and $0.9 million of non-recurring legal and accounting fees related to the filing of a "shelf" registration and other projects.

      Other expense increased by $7.4 million due primarily to an increase in interest expense of $8.1 million for the second quarter of 2012 related to the debt used to finance the Continucare acquisition.