ReadiCare Reports 58% Jump in Net Income for 3rd Quarter

ReadiCare Inc., the Irvine-based operator of workers’ compensation medical centers and rehabilitation programs, reported third quarter net income of $715,000, up 58% from the $452,000 posted for the year-earlier period. Revenue for the quarter ended Nov. 30 rose 27%, to $6.5 million from $5.1 million.

For the nine-month period, net income totaled $2.3 million, 53% higher than the $1.5 million recorded for the corresponding three quarters last year. Revenue rose 24%, to $18.9 million from $15.3 million.