SMT profits skyrocket as sales grow

Article

SMT Health Services reported sharply higher earnings for its 1995fiscal year (end-December) on a 14% increase in revenues. ThePittsburgh-based mobile MRI provider said that it expects evenmore growth in 1996. For the year, SMT had revenues of $15.2

SMT Health Services reported sharply higher earnings for its 1995fiscal year (end-December) on a 14% increase in revenues. ThePittsburgh-based mobile MRI provider said that it expects evenmore growth in 1996.

For the year, SMT had revenues of $15.2 million, compared with$13.3 million in 1994. Net income was $1.4 million, up from the$410,000 recorded the year before.

SMT said that the gain in net income was due to higher revenues,increased utilization of its mobile units, lower operating costs,and lower financing costs. SMT president and CEO Jeff Bergmanwas confident that last year's good news will carry forward into1996.

"The mobile MRI industry has improved dramatically duringthe past year and we expect this improvement to continue in 1996and beyond," Bergman said.

Recent Videos
Emerging Insights on the Use of FES PET for Women with Lobular Breast Cancer
Can Generative AI Reinvent Radiology Reporting?: An Interview with Samir Abboud, MD
Mammography Study Reveals Over Sixfold Higher Risk of Advanced Cancer Presentation with Symptom-Detected Cancers
Combining Advances in Computed Tomography Angiography with AI to Enhance Preventive Care
Study: MRI-Based AI Enhances Detection of Seminal Vesicle Invasion in Prostate Cancer
What New Research Reveals About the Impact of AI and DBT Screening: An Interview with Manisha Bahl, MD
Can AI Assessment of Longitudinal MRI Scans Improve Prediction for Pediatric Glioma Recurrence?
A Closer Look at MRI-Guided Adaptive Radiotherapy for Monitoring and Treating Glioblastomas
Incorporating CT Colonography into Radiology Practice
What New Research Reveals About Computed Tomography and Radiation-Induced Cancer Risk
Related Content
© 2025 MJH Life Sciences

All rights reserved.