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Fletcher Allen Releases 2nd quarter results

first_imgFletcher Allen Releases Year-to-Date and Second Quarter Financial ResultsFletcher Allen has reported an operating income of $5.7 million for the first two quarters of the 2004 fiscal year. This includes an operating income of $1.8 million for the second quarter. The second quarter covers the period beginning January 1st and ending March 31, 2004. This marks nine consecutive months of operating incomes that tracked budgeted expectations.Second Quarter ResultsOperating income for the second quarter was $164,563 better than budget and $5.2 million better than the corresponding quarter in FY2003. Net operating revenues for the quarter were $144 million, $1 million above budgeted revenues. However, the organization’s operating expenses for the quarter were $142.2 million, $900,000 above budget, resulting in an operating income of $1.8 million and an operating margin of 1.2% for the second quarter. By comparison, the organization lost $3.5 million in the second quarter of FY 2003.Year-to-date ResultsFor the year to date, the $5.7 million net income from operations was well abovethe budgeted $536,717 for the period, and produced an operating margin of 2.0%. A yearago, the organization saw a two-quarter loss of $8.4 million. Operating expenses for the first half of the fiscal year were below budget by $2.8 million year-to-date.Improved processes that were part of the budget recovery plan implemented in mid-FY 2003 were incorporated into the FY 2004 budget and the organization’s positive financial results are, to a large extent, the product of those changes. However, expenses began to increase above budget in the second quarter.Key volume measures year-to-date were mixed. Total inpatient discharges were above budget by 331 (3.0%). Combined Inpatient and Outpatient Days, a measure of the number of patients in the hospital each day, were 1.6% below budget, and physician office visits were 5.7% below budget, but substantially higher than last year for the same quarter. At the end of the quarter, Days Cash on Hand increased to 89.8 days, 2.9 days above the first quarter’s results.The institution began making its quarterly financials public with the release of the first quarter results for FY 2003 in February 2003. The audited financial statements for the years ended September 30, 2002 and 2003, as well as the quarterly results for FY 2003 and the first two quarters of FY 2004, are available on the Fletcher Allen Web site at www.fletcherallen.org(link is external).last_img read more

Sumner, MDI boys win tennis prelims

first_imgSULLIVAN — The Sumner boys’ tennis team (6-7) beat Dexter (4-9) in the Class C North preliminary round of the playoffs on Tuesday to advance to the quarterfinals on Thursday.Sumner, the No. 7 seed, defeated No. 10 Dexter 3-2.For singles, William Strauch of Dexter beat Mike Allen 6-1, 6-1; Noah Goldfarb of Sumner beat Chandler Perkins 6-0, 7-5; and Will Quinn of Sumner beat Nick Hershbine 6-2, 6-3.For doubles, Sam Tracy and Finn Russet of Sumner beat John Lane and George Lewis 6-3, 6-2; and Hunter Speed and Tyler Levesque of Dexter beat Austin Rumill and Neil Wilpan 6-2, 6-0.This is placeholder textThis is placeholder textSumner will face No. 2 Orono in the quarterfinals.The No. 8 MDI boys (8-5) defeated No. 9 Presque Isle (8-5) 5-0 in Tuesday’s Class B North prelim.For singles, Kaleb Payson beat Denny Young 6-2, 6-2; Teddy Geary beat Byron Wilson 6-2, 6-4; and Drake Janes beat Andre Daigle 6-2, 6-3.For doubles, Jimmy Carroll and Max Craigo beat Colin Daigle and Jordan Bonville 1-6, 7-5, 6-4; and Gabe Michael and Derek Collin beat Mason Young and Tyler Ayotte 7-6 (7-4), 6-2.MDI will play No. 1 John Bapst (12-0) in the quarterfinals.Other teams that advanced to the quarterfinals with byes in the preliminary round include the George Stevens Academy boys’ and girls’ teams and the MDI girls.In the Class C North quarterfinals, the No. 1 GSA boys (10-2) will host No. 9 Piscataquis (5-6-1); and the No. 2 GSA girls will host either No. 10 Deer Isle-Stonington (5-7) or No. 7 Orono(11-1).In the Class B North quarterfinals, the No. 5 MDI girls (10-2) will at play No. 4 Camden Hills (12-0).last_img read more

Ramon Laureano’s suspension reduced from 6 games to 4

first_imgLast Updated: 15th August, 2020 09:28 IST Ramon Laureano’s Suspension Reduced From 6 Games To 4 Oakland Athletics center fielder Ramon Laureano had a six-game suspension reduced to four games Friday after appealing the penalty for his role in a benches-clearing brawl with the rival Houston Astros First Published: 15th August, 2020 09:28 IST LIVE TV SUBSCRIBE TO US Written By COMMENTcenter_img WATCH US LIVE Associated Press Television News Oakland Athletics center fielder Ramon Laureano had a six-game suspension reduced to four games Friday after appealing the penalty for his role in a benches-clearing brawl with the rival Houston Astros.Major League Baseball said a settlement had been reached and the A’s were informed of the decision. Laureano was set to begin the four-game suspension Friday night and will miss a three-game weekend Bay Bridge Series against the San Francisco Giants. After sitting out Monday at Arizona, he will be eligible to play Tuesday against the Diamondbacks.Astros hitting coach Álex Cintrón received a 20-game suspension and a fine Tuesday for his role in the fracas at Oakland last Sunday. Laureano also received a fine.Cintrón’s suspension is the longest for an on-field transgression in 15 years, since Texas pitcher Kenny Rogers received 20 games for his altercation with two cameramen in 2005.Laureano was hit by a pitch from Humberto Castellanos with one out in the seventh inning of Oakland’s 7-2 victory — the third time he got hit in the series and the fifth time overall for an A’s batter. Houston players weren’t plunked at all. He pointed at Castellanos and began exchanging words with a gesturing Cintrón then left first base, threw down his batting helmet and began sprinting toward the 41-year-old Cintrón.Astros catcher Dustin Garneau tackled Laureano before the A’s outfielder got to the hitting coach. Laureano is a former Astros player and the rival clubs have been the top two teams in the AL West the past two years. A’s pitcher Mike Fiers, another former Houston player, revealed the Astros’ sign-stealing scandal in November to The Athletic.Image credits: AP FOLLOW USlast_img read more