Short

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The Clayton-based company nearly doubled its profiy in the first quarter of 2009, reporting $8.7 million in profit on revenuew of $203.4 million. This compares to a $4.5 millioh profit on $182.4 million in revenue for the firstr quarterof 2008. RehabCare ended the first quarterd this yearwith $38.2 milliojn in cash and cash Now, President and CEO John Shorr wants to double the size of the hospitakl division “as quickly as humanly according to comments he recently made at an investorws conference in Boston. The division currently operate s11 hospitals, which RehabCars owns independently or through joinyt ventures.
RehabCare would like to increase this to 20 to 25 to achieved better economiesof scale. The company is watching health-car e legislation to determine howto proceed. “We’re in the middle of health-reformj mania,” Short said. “We’re waitingv to see what the Housed and Senate does with the Health CareReforj bill.”