Metropolitan Health Networks, Inc. (MDF) Reports Record First Quarter Financials
Metropolitan Health Networks, Inc., serving the needs of Medicare Advantage and other patients statewide via a network of primary care practices collectively known as “Metcare of Florida”, has grown to a point where it is in striking distance of becoming Florida’s premier patient-centric provider for individuals with Medicare, and took some time out yesterday to detail their record-breaking 1Q FY10 (ending Mar. 31) financial data: • Operating Income rose briskly, up 42.9% to $11.2M (compared to $6.4M in 09). • Net Income was up 43.7% to $7.1M or $0.18/share basic, $0.17 diluted ($4M - $0.09/$0.08 in 09) • Revenue was…