NMR of America's sales climb, net falls

Imaging services firm NMR of America posted higher revenues forits 1996 fiscal year (end-March), but the firm's net income slippeda bit as a result of a higher tax rate.

The Murray Hill, NJ, company posted revenues of $23.8 millionfor the year, compared with $18 million the year before. NMR ofAmerica said that the higher numbers were due to several acquisitionsmade last year, including five Florida centers acquired throughits purchase of Morgan Medical Holdings.

NMR of America's net income for the year fell from $2.4 millionin 1995 to $1.8 million. The company said that pre-tax earningsfor the most recent year were at the highest level in the company'shistory, but net income was lower because the 1995 results reflectthe benefits of a lower tax rate.

NMR of America is involved in merger discussions with MedicalResources (SCAN 5/22/96). The companies said last month that theyhave completed due diligence investigations and are moving forwardwith the merger.