April 30, 2013 / 5:05 AM / 4 years ago

Fresenius Medical Q1 net income down on U.S. healthcare cuts

FRANKFURT, April 30 (Reuters) - First-quarter net income at Fresenius Medical Care, the world’s largest dialysis provider, dropped to a worse-than-expected $225 million, hurt by austerity measures in the United States, its most important market.

Analysts had on average expected $256 million in quarterly net income.

The company continues to target 2013 net income of between $1.1-$1.2 billion, it said on Tuesday.

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