High Unemployment Prevents Recovery for Home Health Care Stocks
31 Março 2011 - 9:16AM
Marketwired
The home healthcare sector was hardly a factor in the two-year
market rally as many in the industry have yet to recover to
pre-recession levels. High unemployment has led to fewer people
being able to afford health care. In addition, the number of family
members not working and therefore unable to provide care to those
that need it has increased. The Bedford Report examines the outlook
for companies in the Home Health Care Industry and provides
research reports on Arcadia Resources, Inc. (NYSE Amex: KAD) and
Lincare Holdings, Inc. (NASDAQ: LNCR). Access to the full company
reports can be found at:
www.bedfordreport.com/2011-03-KAD
www.bedfordreport.com/2011-03-LNCR
Medical service companies could be a possible target for
reductions as Republicans in Congress seek ways to cut billions
from the federal budget. Medicare spending is the largest single
component of federal outlays. Lincare provides respiratory therapy
and other services to patients in their homes. According to a
recent federal budget report oxygen therapy companies are among
government healthcare vendors that are overpaid and should have
reimbursements cut. According to the Government Accountability
Office Medicare pays oxygen companies 44 percent more than what it
costs them to provide services.
The Bedford Report releases regular market updates on the Home
Health Care Industry so investors can stay ahead of the crowd and
make the best investment decisions to maximize their returns. Take
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In the fourth quarter of 2010, Lincare posted net income of
$46.1 million, or 48 cents a share, on revenue of $422.1 million.
In the same period a year earlier, the company reported net income
of $40.6 million, or 41 cents a share, on revenue of $405.8
million.
Last month Arcadia Resources announced fiscal 2011 third quarter
net revenues of $26.2 million and a consolidated net loss of $2.3
million, or $0.01 per share. Arcadia has been expanding its
DailyMed pharmacy program into the state of Kansas. The DailyMed
program delivers monthly doses of a customer's medication to their
homes. For its most recent quarter Arcadia says its DailyMed active
patient count improved 21 percent sequentially.
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