NCO Group, one of the largest accounts receivable management firms in the world, said late Thursday that it lost money in the third quarter of 2008 on a large impairment charge on purchased debt portfolios and restructuring charges related to the acquisition of Outsourcing Solutions, Inc. (OSI) and other businesses.
Horsham, Pa.-based NCO reported a net loss of $26.5 million in the third quarter of 2008, compared to a net loss of $4.6 million in the same period a year ago.
Total revenue in the quarter was $381.1 million, up 17.2 percent from the third quarter last year.
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