Healthcare Corporation of America Revenue Increases 110% in the First Quarter of 2013 Year-Over-Year
DENVILLE, NJ–(May 15, 2013) – Healthcare Corporation of America (OTCQB: SWCAL), a pharmacy-benefit management company, today reported revenues of $11.96 million in the first quarter ended March 31, 2013, compared with revenues of $5.68 million in the same quarter a year ago.
Gross profit for the first quarter of 2013 rose 49% to $1.36 million, compared with $0.91 million in the first quarter of 2012. HCCA reported a net loss in the first quarter of 2013 of $1.9 million, compared with a net loss of $0.38 million in the comparable period a year ago.
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