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Fresenius Medical Care Forecasts Decline in 2014 Profit

Fresenius Medical Care AG, the world’s biggest dialysis provider, forecast a second consecutive profit decline in 2014 as the U.S. government cuts health spending. The stock fell the most in almost eight months.

Chief Executive Officer Rice Powell said he wanted to set a forecast that would leave “breathing room” for an organization that had struggled to reach last year’s targets.