April 2, 2012 / 2:22 PM / 5 years ago

CORRECTED-UPDATE 1-Centric Health loss widens, CEO resigns

1 Min Read

(Corrects earnings per share to Canadian cents in paragraph 3)

April 2 (Reuters) - Canada's Centric Health Corp posted a bigger quarterly loss and said its Chief Executive Daniel Carriere has resigned, sending the company's shares down 25 percent in early morning trade.

The company said it appointed Jack Shevel as interim CEO.

Fourth-quarter net loss widened to C$67.5 million, or 74 Canadian cents a share, from C$592,000, or 1 Canadian cent a share, a year ago.

Revenue rose 353 percent to C$77.3 million.

Centric Health's shares were trading down 15.5 percent at C$1.17 on Monday morning on the Toronto Stock Exchange. It had earlier touched a year-low of C$1.16. (Reporting by Ankur Banerjee in Bangalore; Editing by Joyjeet Das)

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