Acurity cost-cutting improves 1H earnings, warns on pace of private sector growth

Sun, 03 Nov 2013

By Paul McBeth Nov. 4 (BusinessDesk) - Acurity Health Group, the private hospital owner and operator formerly known as Wakefield, has boosted first-half earnings as it stripped out costs, while warning that private healthcare operators are still in decline. Net profit climbed to $4.1 million, or 24 cents per share, in the six months ended Sept. 30, from $2.4 million, or 14 cents a year earlier, the Wellington-based company said in a statement. That was at the top end of last month’s forecast range between $3.9 million and $4.1 million, and...

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