CareLine Inc.
- Share via
The Irvine-based ambulance services company had a first-quarter profit of $865,000, or 6 cents per share, on revenue of $19.86 million. This was up from net income of $173,000, or 2 cents per share, on revenue of $4.33 million the year before.
The increase is largely attributable to the nine acquisitions the company completed before the end of March.
CareLine, which went public in December, recently announced plans to acquire several competitors--two in Philadelphia and one in Texas--in deals that would make it the nation’s second largest emergency medical services provider, transporting more than 750,000 patients annually and employing more than 3,000 workers.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.