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MAMSI Reports Higher 2nd Quarter Net Income

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NU Online News Service, Aug. 8, 5:34 p.m. – Mid Atlantic Medical Services Inc., Rockville, Md., is reporting $18 million in net income for the second quarter on $575 million in revenue, up from $12 million in net income on $450 million in revenue for the second quarter of 2001.

The managed care company ended the quarter providing or administering major medical coverage for 2 million people, up from 1.8 million people a year earlier.