InVentiv Health reports 20% drop in communications revenues
SOMERSET, NJ: InVentiv Health reported that its communications unit saw a 20% drop in revenues for Q1 of 2009, while total revenues for the health service company fell 2%.
InVentiv Communications, which includes Chamberlain Healthcare Public Relations and Chandler Chicco Agency, reported $70.9 million in Q1 revenues, compared to the $88.3 million it reported for Q1 2008.
Losses were attributed to delays in client spending although the company noted in its earning statement that revenues picked up later ...