Accretive Health second quarter net gain increases 118 percent to $8.
Diluted net gain per common talk about was $0.08 for the next quarter of 2011, a 100 percent increase when compared with $0.04 recorded in the second one fourth of 2010. Non-GAAP modified net income per diluted common share was $0.12 for the second quarter of 2011, a rise of 71 percent over the second one fourth of 2010. Mary Tolan, Accretive Health’s Founder and Chief Executive Officer, said, We are very pleased by the continuing momentum as demonstrated by our solid Projected Contracted Annual Income Run-Rate which at the midpoint elevated by $119 million since our last income call. This addition to your PCARR is a lot more than dual the dollar quantity of PCARR added between our 4th quarter 2010 and 1st quarter 2011 earnings calls. (more…)