Beverly Enterprises Inc. reported a loss of...
- Share via
Beverly Enterprises Inc. reported a loss of $952,000 for the first quarter, contrasted with a profit of $18.5 million in the year-ago period. The Pasadena-based firm, which operates nursing homes, pharmacies and home health-care agencies, said it was hurt by steep labor costs in its second half, producing a $22.4-million loss in the fourth quarter. The first-quarter improvement was due to increased reimbursement rates, the company said.
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.
