Lincare Reports Rise in Q2 Earnings

CLEARWATER, Fla.–Lincare Holdings reported a 3.6 percent
increase in second-quarter earnings.

The provider earned $51.9 million in the quarter, up from $50.1
million during the same period last year. Second-quarter revenue
increased 11 percent from last year to $350.13 million.

During the second quarter, the company acquired of five
businesses with annual revenues of about $14 million and added 18
new operating centers.

“We are experiencing strong customer growth and expanding market
share in our core respiratory business and we continue to make
inroads in the sleep therapy market,” said Lincare CEO John P.
Byrnes. “We continue to expand by opening denovo locations in new
and contiguous geographic markets and to be selective regarding
acquisitions of quality respiratory providers.”