Medical device and medication/infection control management software vendor CareFusion Corp. had fiscal year 2011 first quarter net income of $38 million, down from $81 million during the same period a year ago. Quarterly revenue fell 2 percent to $908 million. The company attributed the decrease primarily to lower sales in its international surgical products and respiratory businesses. CareFusion also announced that David Schlotterbeck, chair and CEO, will retire on Feb. 28, 2011.
Community hospital information systems vendor Computer Programs and Systems Inc. reports third quarter 2010 net income of $4.9 million, up nearly 22 percent compared with the same period a year earlier. Revenue for the quarter rose 24% to $40.9 million. CPSI also announced it will pay a regularly quarterly cash dividend of 36 cents per share.
Medication, blood bank and home health infusion management software vendor Mediware Information Systems Inc. saw big financial gains during the first quarter of fiscal 2011. Net income compared with the same period last year increased 70 percent to $1.1 million, as revenue rose 17 percent to $12.5 million. Acquisitions last December that expanded Mediware's home health business line contributed to improved performance, but the company declined to be more specific.
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