Alliance Imaging posts loss in 1994
Mobile MRI chain Alliance Imaging posted a $19 million loss as part of its 1994 annual results,based largely on a non-recurring $13.8 million charge in the fourthquarter. The charge was related to a write-down of assets andrepresents the completion of
Mobile MRI chain Alliance Imaging posted a $19 million loss as part of its 1994 annual results,based largely on a non-recurring $13.8 million charge in the fourthquarter. The charge was related to a write-down of assets andrepresents the completion of Alliance's restructuring plan, accordingto president and CEO Richard Zehner.
For the year, Alliance, of Orange, CA, had revenues of $57.9million, down 4.7% from the $60.7 million posted in 1993. Fourthquarter revenues rose 3.5%, however, to $14.9 million from $14.4million in the fourth quarter of 1993. The $19 million net losscompares to a $14.7 million net loss for the same period the yearbefore. Alliance completed a restructuring of its debt load latelast year (SCAN 12/28/94).