“Although results have improved, our stock price has clearly been under pressure particularly since the announcement of the civil investigative demand in August 2011. As a result, we were required by accounting guidance to take a non-cash goodwill impairment charge. This charge has no impact on the Company’s business operations or cash flow.“2011 presented a number of challenges for the Company and the healthcare industry overall; however, we improved our year-over-year operating results and are even more excited about the future. With a number of operational improvements in place and the full commercialization of our next-generation MCOT TM device, we are confident that we can continue to enhance performance and strategically leverage our balance sheet.”
CardioNet, Inc. Reports Fourth Quarter And Full Year 2011 Financial Results
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