Dialysis provider Renal Care Group, Nashville, reported net income of $28.2 million, or 40 cents per share, for the second quarter, including a $6.4 million charge related to its pending merger with Fresenius Medical Care. That was down 3.4% from net income of $29.2 million, or 42 cents per share, in the year-ago quarter. Revenue was up 12.8% to $384.3 million. In the six months, net income rose 4.2% to $61.8 million, or 88 cents per share, from $59.3 million, or 84 cents per share, in the year-ago period. Revenue increased 22.5% to $757.8 million. Renal Care, the country's fourth-largest dialysis provider, said its merger with Fresenius, the largest dialysis provider, should close in the fourth quarter. Renal Care provides dialysis services at roughly 450 outpatient centers and 210 hospitals. -- by Joseph Mantone
Renal Care's profit down on charge for pending merger
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