• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

OEC turns in healthy 1998 results

Article

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.

Related Videos
Improving the Quality of Breast MRI Acquisition and Processing
Can Fiber Optic RealShape (FORS) Technology Provide a Viable Alternative to X-Rays for Aortic Procedures?
Does Initial CCTA Provide the Best Assessment of Stable Chest Pain?
Making the Case for Intravascular Ultrasound Use in Peripheral Vascular Interventions
Can Diffusion Microstructural Imaging Provide Insights into Long Covid Beyond Conventional MRI?
Assessing the Impact of Radiology Workforce Shortages in Rural Communities
Emerging MRI and PET Research Reveals Link Between Visceral Abdominal Fat and Early Signs of Alzheimer’s Disease
Reimbursement Challenges in Radiology: An Interview with Richard Heller, MD
Nina Kottler, MD, MS
The Executive Order on AI: Promising Development for Radiology or ‘HIPAA for AI’?
Related Content
© 2024 MJH Life Sciences

All rights reserved.