Hillhaven Corp. posted strong third-quarter financials:
We reported record operating results.
Earnings were up 29% to 31 cents per share.
Subacute-care services grew to record levels, now representing 30% of all patient-care revenues.
Results again exceeded Wall Street's expectations.
MODERN HEALTHCARE (April 3, p. 6) glossed over these figures, giving the impression that our results were "unexceptional." Perhaps, the reporter did not understand our very straightforward earnings release in which we explained nonrecurring gains in the prior year's results.
Vice president, investor relations