Maxum's revenues improved in 1995

Imaging services firm Maxum Health reported its last year of financialresults as a separate company before it is merged with AmericanHealth Services (SCAN 3/13/96). The Dallas company reported higherrevenues for 1995 (end-December), due in part to several imagingcenter acquisitions made last year, although the company fellback into the red after a profitable 1994.

For the year, Maxum had revenues of $50.6 million, up 10% overthe $45.9 million in sales reported in 1994. The company posteda net loss of $4.3 million for the year, compared with a $4.2million profit in 1994.

Maxum's operating loss narrowed, however, to $1.2 million in1995 from $2.8 million the year before, when Maxum recorded aone-time gain of $3.3 million on extinguishment of debt and a$4.8 million gain on the sale of its lithotripsy business. Maxumalso took a $1.5 million charge last year to settle securitieslitigation filed in 1993.