Summit Rehabilitation has opened a new physical therapy clinic in Mill Creek, its sixth in Snohomish County. The therapist-owned company provides a full range of services for people with musculoskeletal injuries or illnesses. Bob Fankhauser, manager of the company’s Lake Stevens clinic, will also provide therapy at the Mill Creek facility, located at 16000 Bothell-Everett Highway. Lisa Tarabocchia will join the partnership and serve as clinic manager. She is moving her existing Everett practice to Mill Creek, as is physical therapist Nancy Conway.
Bothell’s SonoSite Inc. is taking in a lot more money these days, but still isn’t making a profit. The company, a spinoff of ATL Ultrasound, makes high-resolution portable ultrasound equipment, which is growing in popularity among doctors and hospitals. SonoSite’s third-quarter revenues of $11.9 million, reported Wednesday, were up 43 percent from the comparable quarter of last year. But the company still recorded a loss of $2.3 million, or 21 cents a share, its lowest to date. It lost $5 million during the third quarter of 2000. Kevin Goodwin, president and CEO, called the results a strong step forward and pledged to accelerate the move toward profitability.
Bothell-based ICOS Corp. reported a net loss of $24.4 million, or 45 cents a share, for the third quarter, up significantly from last year at this time as it nears production of its first product. In October 2000, the company reported a net loss of $11.5 million. Since then, the young drug maker has gotten close to releasing Cialis, a male impotency drug now under review by the Food and Drug Administration. The company has attracted a lot of investor interest. Later this month, ICOS chairman and chief executive Paul Clark will speak at the Salomon Smith Barney investor Health Care Conference in New York City.
The Boeing Co. and its employees have given more than $8.4 million to relief efforts related to the Sept. 11 terror attacks, the company said. Boeing employees and retirees have contributed about $2 million individually, the company said, and the Boeing Employees Community Fund contributed $1 million. The remaining $5.4 million came from company grants and matching funds. Most has been split between the Red Cross and United Way, with some also going to the Salvation Army, the company said. Boeing also has donated satellite time to aid communication among rescue workers and to help last month’s fund-raising telethon, “America: A Tribute to Heros.”
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