New centers boost Health Images numbers

March 13, 1996

Health Images reported sharply higher revenues for its 1995 fiscalyear (end-December), due mainly to revenue contributions fromimaging centers it acquired from MedAlliance last year. The companyalso reported higher net income, and said that same-center

Health Images reported sharply higher revenues for its 1995 fiscalyear (end-December), due mainly to revenue contributions fromimaging centers it acquired from MedAlliance last year. The companyalso reported higher net income, and said that same-center MRIstudies and revenues were up slightly.

For the year, Atlanta-based Health Images had revenues of $115.5million, compared with $77.1 million in 1994. Net income for 1995was $5.7 million, compared with a loss of $1.1 million the yearbefore. HI had 11 more centers in 1995 than in 1994, thanks tothe MedAlliance acquisition (SCAN 1/18/95), ending 1995 with atotal of 54 centers.

For the fourth quarter of 1995, HI had revenues of $32.2 million,well over the $19.1 million reported in the fourth quarter of1994. Net income was $2 million, compared with a loss of $4 millionin the prior year's fourth quarter.

Health Images said same-center MRI studies for the year increasedby 1.5%, while same-center net revenues rose 1.3%.