Medical Action Industries, Inc. (MDCI) Misses Q4 EPS by 1c
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Medical Action Industries Reports Fourth Quarter and Annual Results for the Fiscal Year Ended March 31, 2014
June 11, 2014 7:30 AM EDTBRENTWOOD, N.Y., June 11, 2014 (GLOBE NEWSWIRE) -- Medical Action Industries Inc. (the "Company") (Nasdaq: MDCI), a leading supplier of medical and surgical disposable products, today reported financial results for the fourth quarter and twelve months ended March 31, 2014 (such twelve month period, "fiscal 2014").
Additionally, on June 2, 2014, the Company completed its previously announced sale of its Medegen Medical Products, LLC subsidiary and certain other assets of its Patient Care business unit to Medira Inc., an affiliate of Inteplast Group, Ltd., for approximately $78,628,000, subject to customary post-closing adjustments. Consequently, the assets and liabilities associated with... More
