A wealthy Spanish industrialist has acquired a 52% position in magnetic source imaging developer Biomagnetic Technologies of San Diego. The acquisition represents the culmination of Enrique Maso's lifelong interest in the measurement of magnetism in the
Imaging center firm Medical Resources continues to grow through acquisitions. With the purchase of six centers in Ohio, Hackensack, NJ-based Medical Resources has 101 imaging centers in its stable. The company has also acquired RIS developer Dalcon
Shares of bone densitometry vendor Lunar plunged on Sept. 22 after the Madison, WI, company announced that it expected to post flat revenues and lower profits for its first fiscal quarter (end-September). The results were due to lower-than-expected
There may be light at the end of the tunnel regarding Medicare payments for studies with the PET radioisotope fluorodeoxyglucose (FDG). The Health Care Financing Administration last month informed members of the Institute for Clinical PET that the agency
Imaging center chain Medical Resources has acquired four more imaging centers to bring its nationwide total to 93. Two of the centers are in California, while the other two are in Florida and Pennsylvania. All together, the four centers contribute annual
Imaging center chain Medical Resources last month added to its expanding chain four more centers in Florida. The Hackensack, NJ, company paid $9.25 million in cash and notes convertible into Medical Resources common stock, plus the assumption of debt.
Congress orders HCFA to pay for telemedicineLegislation seen as boost for rural telemedicine providersIn a move being hailed as a landmark for the advancement of telemedicine in the U.S., Congress has included provisions requiring
Telemed advocates win Medicare triumphDepending on your vantage point, the Medicare reimbursement legislation adopted by Congress last month is either a major victory for the telemedicine industry, or little more than symbolism. The reality is
Raytel Medical has decided to hold onto its medical imaging business following an internal review of its activities in the industry. Raytel will continue developing its imaging business through additional investment, and will expand the offerings of
Imaging services investment confirms mobile's revivalDon't cry for mobile MRI. Despite sagging reimbursement levels, the U.S. shared imaging services business has steadily improved for those players that were able to tough it out past the
Information systems unit also reports difficultiesNuclear medicine vendor ADAC Laboratories last month reported strong growth in third-quarter revenues and operating income, but the positive numbers were overshadowed by a disturbing shortfall in
The Health Care Financing Administration has adopted a new national policy that substantially expands Medicare Part B coverage for magnetic resonance angiography. As of May 1, the federal healthcare insurance program began to routinely pay for lower
QCWatch helps mammography sites comply with MQSAA California software developer hopes that the growing trend toward accreditation and regulation of medical imaging equipment can work to its benefit. Argus Software of Redwood City, CA, has
Reimbursement issues retard center firm's growthImatron is in a bit of a bind. The South San Francisco, CA, vendor has seen an increase in sales of its premium ultrafast CT scanners this year, particularly in overseas markets. Imatron's financial
Imaging services firm InSight Health Services has signed an agreement to acquire an existing imaging center and to secure a majority ownership in the development of a new outpatient imaging center in the Midwest. The arrangement, which is expected to be
HCFA not likely to reimburse for telemedicine in near futureAgency's slow pace on issue draws ire of CongressThe Health Care Financing Administration will apparently soon inform Congress of its belief that any decision regarding
Increase in users should help FDG supplySometimes a competitor can turn out to be your best ally in business. Take the case of PET and coincidence detection imaging using gamma cameras. At first glance, PET appears to be under assault by its
Medical Resources continues to generate momentum in the consolidating imaging center industry. The Hackensack, NJ, company this month announced that it plans to add another 10 centers to its burgeoning network by acquiring the assets of Capstone
Company takes on segment dominated by NorlandThe peripheral densitometry market will soon have a new competitor. Densitometry firm Lunar, which has built its reputation largely through the sale of premium axial scanners, plans to introduce a
Panel’s decision supports insurance reimbursementThe National Cancer Institute took decisive action last week to resolve the ongoing controversy over whether women aged 40 to 49 should receive regular screening mammograms. The NCI's National
Company signs deals to add 23 centers to networkIs the momentum shifting in the race to consolidate the U.S. imaging center market? Medical Resources believes it is. The Hackensack, NJ, imaging services provider served notice that it is a force to
Company claims growth in table-scanner segmentBone densitometry manufacturer Norland Medical Systems reportedfinancial results for 1996 (end-December) that showed both revenueand net income growth. The company's fourth-quarter results werenot as
Biofield’s cancer diagnostic system could offer tough competition for alternative imaging modalities in the U.S.
NCI chief Klausner expresses shock at panel's findingsMammography advocates were poised for good news last month whenthe National Institutes of Health convened a meeting to developa consensus on the institute's position on mammography screeningfor
The Health Care Financing Administration has established reimbursementpolicies covering physicians for the use of intravascular ultrasound(IVUS) during therapeutic interventions, according to IVUS developerEndosonics of Rancho Cordova, CA. The policies
