MedGroup Inc. Reports Loss of Nearly $200,000
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MedGroup Inc., an Encino-based operator of physical, speech and occupational therapy centers in California and Arizona, posted a fiscal third-quarter loss of $199,455.
The loss in the quarter that ended Dec. 31 compared with year-earlier earnings of $12,343. MedGroup’s third-quarter sales fell 44%, to $991,323 from $1.79 million.
For the first nine months of its fiscal year, MedGroup lost $224,933, compared with a year-earlier loss of $164,020, and its nine-month sales fell 29%, to $3.99 million from $5.65 million.
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