Maxicare Health Plans Inc.: The Los Angeles-based...
Maxicare Health Plans Inc.: The Los Angeles-based health-care firm said it narrowed its first-quarter loss to $1.4 million from $2.3 million a year ago. Revenue declined 6% to $94.2 million. The firm attributed the narrowing to a decrease in health-care expenses as a percentage of operating revenue, a continued decrease in marketing, general and administrative expenses and a decrease in reorganization expenses. These were partially offset by an increase in interest expense and a charge on the sale and trade-in of computer equipment.
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