• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

Alliance posts stellar first quarter

Article

Recent acquisitions paid off in revenue and income growth for mobile imaging services provider Alliance Imaging in its first quarter (end-March).The Orange, CA, company reported 30% revenue growth, with sales of $19.1 million in the most recent quarter,

Recent acquisitions paid off in revenue and income growth for mobile imaging services provider Alliance Imaging in its first quarter (end-March).

The Orange, CA, company reported 30% revenue growth, with sales of $19.1 million in the most recent quarter, compared with $14.7 million in the same period the year before. Income before extraordinary items rose 25% to $1.7 million compared with the first quarter of 1996, while net income was $4.9 million.

CEO Richard Zehner credited procedural growth from new marketing programs and corporate acquisitions for the improvement. MRI utilization jumped by 33% to over 40,000 scans in the first quarter, he said. Alliance's new acquisitions-Royal Medical Health Services and Sun MRI Services-helped raise its quarterly revenue total by $2 million.

In other Alliance Imaging news, the company this month signed seven-year deals to provide MRI services to Washington Hospital in Fremont, CA, and CGH Medical Center in Sterling, IL.

Related Videos
Emerging Research at SNMMI Examines 18F-flotufolastat in Managing Primary and Recurrent Prostate Cancer
Could Pluvicto Have a Role in Taxane-Naïve mCRPC?: An Interview with Oliver Sartor, MD
New SNMMI President Cathy Cutler, PhD, Discusses Current Challenges and Goals for Nuclear Medicine
Where the USPSTF Breast Cancer Screening Recommendations Fall Short: An Interview with Stacy Smith-Foley, MD
A Closer Look at MRI-Guided Transurethral Ultrasound Ablation for Intermediate Risk Prostate Cancer
Improving the Quality of Breast MRI Acquisition and Processing
Can Fiber Optic RealShape (FORS) Technology Provide a Viable Alternative to X-Rays for Aortic Procedures?
Does Initial CCTA Provide the Best Assessment of Stable Chest Pain?
Making the Case for Intravascular Ultrasound Use in Peripheral Vascular Interventions
Can Diffusion Microstructural Imaging Provide Insights into Long Covid Beyond Conventional MRI?
Related Content
© 2024 MJH Life Sciences

All rights reserved.