PPM/MSO News

• PhyCor (Nashville, TN) reported a loss in FY99 in part because of charges taken in the sale of eight clinics and the pending sale of 11 others. In addition, Doctors at PhyCor’s St. Petersburg-Suncoast Medical Group said in November they are working to end their 40-year contract with PhyCor, reported the St. Petersburg Times.

• Integrated Orthopaedics (Houston) has sold to Front Range Orthopedic P.C. and FROC P.C. the assets used to manage Front Range’s practice. The assets sold for $2.1 million. Integrated Orthopaedics said it has also terminated the management services agreement for that practice.

• IntegraMed America (Purchase, NY) posted a net loss in 4Q99 ended Dec. 31 of $1.1 million, 24 cents per share, compared to a net income in 4Q98 of $434,000, 8 cents per share. The company saw revenues in 4Q99 of $12.7 million, a 19.1% increase over 4Q98 revenues. For the year, the company recorded revenues of $46 million, a jump of almost 20% from FY98 revenues.