AMI Predicts Quarterly Loss: Executives at American...
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From Times Staff and Wire Reports
AMI Predicts Quarterly Loss: Executives at American Medical International estimate that the company will have a first-quarter loss of between $50 million and $60 million. Corporate officers at the Beverly Hills-based hospital chain said the loss for the quarter ended Nov. 30 will stem from $120 million in costs incurred when IMA Holdings Corp. acquired AMI. The charges include fees to investment bankers and severance pay to AMI executives.
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