MICA reports profit on lower revenues

August 16, 1995

The turnaround effort undertaken by Medical Imaging Centers ofAmerica continues to show signs of success (SCAN 3/15/95). TheSan Diego-based imaging services firm showed a profit for itssecond quarter (end-June), although revenues were down.

The turnaround effort undertaken by Medical Imaging Centers ofAmerica continues to show signs of success (SCAN 3/15/95). TheSan Diego-based imaging services firm showed a profit for itssecond quarter (end-June), although revenues were down.

Consolidated medical services revenues were $10.3 million,compared to $12.9 million in the second quarter of 1994, a dropof 20%. MICA posted net income of $551,000 for the quarter, comparedto a net loss of $230,000 in the same period last year.

Income from continuing operations for the second quarter was$335,000, compared to a loss from continuing operations in thesame period last year of $388,000. Discontinued operations includeMICA's Chicago-based ultrasound and nuclear medicine business,which the company has sold to Diagnostic Health Services.