In a case considered a harbinger of things to come for the imaging center industry, Thomas E. Haire,founder of Radiation Care, an Atlanta-based radiation therapyprovider, agreed in December to a fine of $2 million, ending atwo-year federal investigation
Products target expanding market for bone examsTwo leading vendors of bone densitometry equipment, Lunar andHologic, are in the peak financial condition following recordsales in 1994. Both companies expect their fortunes to improveeven further
IDSI's ULIT system to make debut at RSNA meeting Raymond leaves MR CooperativeMR Cooperative director Scott Raymondhas left the imaging center association for a position at Azron,a San Diego-based developer of electronic medical record
Industry limps through second year of recession The steep declinein diagnostic imaging equipment sales is a wake-up call for anyonewho has yet to accept that the industry is undergoing a sweepingtransformation that affects every aspect of
Freestanding imaging centers may escape rate scheduleThe freewheeling outpatient health-care segment is set to receivea healthy dose of economic discipline courtesy of Uncle Sam, whois threatening to rein in outpatient costs with a system
Physician owners seem to be awaiting better offersThere hasn'tbeen much fury in the storm of imaging center acquisitions forecastfor this year. Although referring-physician owners face federaland state deadlines to divest their ownership
Drug firm sees potential in Johnson & Johnson allianceMRI is becoming the Rodney Dangerfield of medical imaging. Manyfirms are scrambling to scale back investment in the technologyor are leaving the business altogether. The latest company
Imaging market decimated by reform awaits vendorMRI developerMagna-Lab is targeting a late fall release date for its Magna-SLniche scanner, which received Food and Drug Administration 510(k)clearance for extremity scanning this month. To find
Physicians are eager for latest technologyJust as most radiologists and other clinicians in developing marketsprefer the latest in scanner technology, they are also eager forthe safety and performance advantages of nonionic radiographiccontrast
PET may also get a boost from FDA certification of FDGThe soundyou hear may be gridlock breaking. Positron emission tomographypassed two regulatory milestones last month that could help breathelife into moribund sales of this high-end nuclear
Mallinckrodt to sell pioneering echo contrast agent After nearlyfour years of premarket approval (PMA) review, the Food and DrugAdministration this month certified the first ultrasound contrastagent for sale in the U.S. Echocardiography agent
Bone densitometry vendorHologic last week announced strong revenue and income growth forthe third quarter (end-June). The company's prospects have beenhelped by the Health Care Financing Administration's decisionto provide Medicare reimbursement for dual
Center firm builds teaching hospital alliancesWhile many radiologists anticipate increased competitive threatsfrom health-care changes under way in the U.S., subspecialty radiologycould benefit from greater imaging competition and managed
Executives at contrast supplierSquibb Diagnostics are looking into expanding their relationshipwith Bracco Industria Chimica SPA of Milan, Italy. One optionunder discussion is the sale of Squibb Diagnostics to Bracco. "We've been in discussions
Hybrid system fails to show results Shimadzu Medical Systems is finding the going tough in the U.S.MRI market. The vendor is scaling back its direct-sales MRI effortin favor of a distributor and dealer sales network. Shimadzu said last month
The NASDAQ stock exchange hasadded insult to injury to Medical Imaging Centers of America (MICA).The San Diego-based firm, already suffering from the high costof an expensive lease portfolio, announced last month that itsstock has been delisted from
This month's Society of Nuclear Medicine meetingin Orlando was proof positive that the recent slump in gamma camerapurchasing has not had a pronounced effect on technological innovation.Despite a plunge in orders that began late last year,
Chain targets $100 million revenue by 1996 Imaging center firm Diagnostic Health of Birmingham, AL, has founda unnamed financial partner willing to invest at least $30 millionin its effort to build a $100 million imaging services companyby 1996.
Imaging center firm ImageAmerica has changed its name to MedAlliance. The new name reflects the changesthat have occurred at the Nashville company since it embarkedon a strategy to acquire physician group practices as a meansof compensating for declines
Novel engineering of ECAT ART aims for cost-efficient operation The nuclear medicine group of Siemens Medical Systems hopes to take some ofthe pain out of purchasing a new PET camera by introducing a newsystem that will sell for under $1
ACP report highlights need for outcomes researchMRI suffered anothersetback last month in the form of a study published in the Annalsof Internal Medicine that claims there is a lack of quality researchsupporting the use of MRI in the brain and spine.
McNeil: Rapid studies are needed for new product introductionsManymedical imaging vendors have shied away from funding outcomesresearch studies, despite the growing importance of such researchin assessing imaging equipment. Some companies are
Meeting may have alienated regulators A Congressional briefing held this month gave PET advocates achance to blow off steam accumulated while waiting years for Medicarereimbursement of the technology. The meeting provided PET proponentswith a
Imaging center chain National ImagingAffiliates (NIA) reported last month that it has merged with HeritageImaging (HIC). The combined chain carries the NIA name and hasa total of six imaging centers. NIA will maintain corporate headquartersin Nashville.
