DHS more than doubles revenue

Imaging services provider Diagnostic Health Services of Dallas reported that it enjoyed revenue growth for 1997 (end-December) that was 119% higher than sales in 1996. DHS recorded sales of $59.9 million in 1997, compared with $24.2 million the year before. Net income also grew sharply, to $5.4 million, compared with $2.5 million in 1996.

DHS experienced strong internal growth in 1997, and also completed seven acquisitions during the year, according to chairman and CEO Max Batzer. The firm has continued on its acquisition bent in the first quarter of 1998, buying two companies and signing an agreement to acquire a 50% interest in a California imaging center. The two acquisitions were International Cardiac Monitoring, a Houston-based cardiac event monitoring business, and Sonomed, a mobile ultrasound provider based in Birmingham, AL. The California imaging center is on the campus of Scripps Hospital in Chula Vista, and buying the joint interest will broaden Diagnostic Health's hospital-based MRI operations.