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Sun Healthcare Group Inc. Reports 2012 Second-Quarter Operating Results

Sun Healthcare Group Inc. News Release (07/31/12)

Sun Healthcare Group Inc. on July 31 announced its operating results for the second quarter ended June 30. Consolidated revenues were $457.1 million for the quarter, down 2.9% as compared with the same period in 2011. Normalized earnings per share was $0.15 for the quarter.

CareerStaff, Sun’s medical staffing services business, reported revenues of $23.5 million, up 3.6% year over year. On a sequential quarter basis, CareerStaff experienced 2.7% revenue growth while billable hours increased on both a sequential quarter and year-over-year basis for the second quarter in a row.