Radiologix’s revenue rises

May 10, 2000

Revenue for radiology service networks operator Radiologix increased by 37% in the first quarter of 2000 (ending March 31). First-quarter revenue was $59.3 million compared to $43.2 million for the first quarter of 1999. Net income increased 5% to $4.1

Revenue for radiology service networks operator Radiologix increased by 37% in the first quarter of 2000 (ending March 31). First-quarter revenue was $59.3 million compared to $43.2 million for the first quarter of 1999. Net income increased 5% to $4.1 million in the first quarter of 2000, compared to $3.9 million in the first quarter of 1999.

Radiologix gains most of its revenue from service fees associated with the production and management of diagnostic imaging, including MR, ultrasound, CT, mammography, nuclear medicine and PET, along with general radiography and fluoroscopy. The company’s freestanding radiology centers provide services that have been outsourced by hospitals.