NMR of America posts record results
Imaging services firm NMR of America enjoyed buoyant financialresults for its 1995 fiscal year (end-March). The Murray Hill,NJ, company said net revenue and net profit were at the highestlevel in the company's history. NMR of America posted annual net
Imaging services firm NMR of America enjoyed buoyant financialresults for its 1995 fiscal year (end-March). The Murray Hill,NJ, company said net revenue and net profit were at the highestlevel in the company's history.
NMR of America posted annual net revenues of $18 million, up15% compared to the $15.6 million brought in the year before.Net income surged to $2.4 million, an increase of 78% comparedto net income of $1.4 million in 1994. Net income for the yearincluded non-recurring items that resulted in a net benefit of$539,000. The company's net income for the year was a record,even if the benefit were excluded from its results.
NMR of America's numbers were aided by the acquisition of threeIllinois imaging centers, in Oak Lawn, Libertyville and Des Plaines.In addition, net income was improved by the reduction in minorityinterests due to the firm's purchase of limited partnership interestsin seven of its centers.
The company is proceeding with its plan to merge with MorganMedical (SCAN 4/12/95). NMR of America filed a preliminary jointproxy and prospectus with the Securities and Exchange Commissionin May.
