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Biotech / Medical : Prime Medical Systems, Inc.(PMSI)

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To: Paul Viapiano who wrote (94)5/22/1997 9:59:00 AM
From: Raymond M. Barr   of 210
 
Can anyone explain the exact meaning of "Minority interest in consolidated income" on the income statement. I realize it has to do with the minority interest in 21 partnerships that Lithotripters, Inc has a controlling interest. However, I don't understand why the income is recorded in revenues and then taken as a deduction from income. This appears to greately overstate revenues (up 212%) and diminishes net income.
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