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Manor Care Inc.

THE BALTIMORE SUN

Both health-care sales and profits rose dramatically in the three months that ended Feb. 29 to give this Silver Spring-based company a 72 percent jump in net earnings for the quarter.

Manor Care Chairman Stewart Bainum said the company's lodging division grew only slightly in its third fiscal quarter, hurt by a continued slump in the travel and tourism industry. Manor Care's lodging subsidiary, Choice Hotels International Inc., markets hotels under the brand names such as Quality, Comfort, Clarion and Econo Lodge.

However, revenues from the company's 167 health-care facilities jumped nearly $24 million to $191 million. Health-care costs for the period rose about $15 million to $145 million.

* Three months ended 2/29/91

.. .. .. .. ..Revenue.. .. .. .. ..Net.. .. .. ...Share

'92.. . .. 223,055,000.. .. .. 9,190,000.. .. .. 0.16

'91.. .. ..198,050,000.. .. ..5,333,000.. .. .. 0.09

change.. .. +12.6.. .. .. .. ..+72.3.. .. .. ..+77.8

Nine months ended 2/29/91

.. .. .. .. ..Revenue.. .. .. .. . Net.. .. .. ..Share

'92.. .. ..674,390,000.. .. .. 31,957,000.. .. .0.56

.. ..597,140,000.. .. ..23,003,000.. .. ..0.40

% change.. .. +12.9.. .. .. .. .. +38.9.. .. .. .+40.0

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