OEC turns in healthy 1998 results
Mobile C-arm manufacturer OEC Medical Systems of Salt Lake City posted robust numbers for fiscal 1998 (end-December). The company's fourth-quarter revenues climbed 19%, from $45.3 million in 1997 to $53.7 million. The company's net income for the fourth
Mobile C-arm manufacturer OEC Medical Systems of Salt Lake City posted robust numbers for fiscal 1998 (end-December). The company's fourth-quarter revenues climbed 19%, from $45.3 million in 1997 to $53.7 million. The company's net income for the fourth quarter was $4.7 million, increasing over 1997's $3.7 million.
Revenue for the year increased 21%, reaching $188.7 million, compared with $155.4 million the year before. OEC's net income for the year was $16.1 million versus $12.2 million last year, a 32% increase. OEC said it recorded healthy gains in both product sales and service revenue.
In other OEC news, the company on Jan. 15 chose Picker International Canada as its Canadian distributor. The appointment followed the respective purchases by Picker and General Electric Medical Systems' of Elscint Canada's CT and nuclear medicine businesses (SCAN 12/16/98 and 9/16/98). Elscint Canada was OEC's former Canadian distributor.
FDA Clears Virtually Helium-Free 1.5T MRI System from Siemens Healthineers
June 26th 2025Offering a cost- and resource-saving DryCool magnet technology, the Magnetom Flow.Ace MRI system reportedly requires 0.7 liters of liquid helium for cooling over the lifetime of the device in contrast to over 1,000 liters commonly utilized with conventional MRI platforms.
SNMMI: Botox May Facilitate Relief from Dry Mouth Side Effect of PSMA-Targeted Radiopharmaceuticals
June 25th 2025For patients being treated with radiopharmaceutical agents for metastatic prostate cancer, the combination of botulinum toxin and an anti-nausea patch led to a 30 percent reduction in PSMA uptake in the salivary glands, according to preliminary research findings presented at the SNMMI conference.
