Mariner Health Group, a Mystic, Conn.-based long-term-care and subacute-care provider, reported net income of $3.9 million, or 23 cents per share, for the third quarter ended Sept. 30, compared with a net loss of $2.9 million, or 24 cents per share, during the year-ago period. Revenues climbed 39% to $55 million.
For the nine months, Mariner's net income was $3.3 million, or 20 cents per share, compared with a net loss of $705,000, or 7 cents per share, in 1993. Revenues rose 37% to $151 million. The company attributed the results to increased acquisitions of skilled-nursing facilities and subacute-care units. Mariner provides long-term and subacute care through 36 facilities with 3,941 beds nationwide.