Mariner reports third-quarter losses
Mariner Health Care Inc. reported a net loss of $5.7 million on revenues of $413.1 million in the third quarter ending Sept. 30. This compares to the year-ago quarter's net income of $6.1 million on revenues of $439.8 million.
The company attributed the setbacks to discontinued operations, an increase in taxes and merger-related charges, despite experiencing profitability gains in its skilled-nursing division.
The deal sealing the terms of Mariner's merger with National Senior Care Inc. is expected to be completed in December. Atlanta-based Mariner operates nearly 260 skilled nursing facilities in over 20 states, and over a dozen long-term acute care hospitals in four states.