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BUSINESS ANALYSIS DECADAL
: Horizon Pharmacies, Inc. owns and operates a chain of retail pharmacies and related businesses located principally in the south central United States. For the 3 months ended 3/31/00, net sales increased 13% to $35.1M. Net loss totalled $1.6M, vs a gain of $387K. Revenues reflect increase in store operating months. Net loss reflects increase in the cost of prescription drug sales and the costs related to the loading of inventory levels.