Imaging services provider U.S. Diagnostic (USDL) reported a net loss of $1.2 million for its first quarter (end March 31). For the period, the company generated a loss from continuing operations of $3.4 million, which equaled the $3.4 million loss for the first quarter a year ago.
West Palm Beach, FL-based USDL anticipates that without selling imaging centers or securing additional short-term liquidity, current cash and cash generated from operations will be insufficient to meet its needs. The company has locations in 10 states and owns, operates, or manages 40 fixed-site diagnostic imaging facilities.
By AuntMinnie.com staff writersMay 21, 2001
Related Reading
USDL suspends merger talks with IRG, March 2, 2001
USDL to merge with International Radiology Group, January 17, 2001
U.S. Diagnostic CEO resigns, October 30, 2000
U.S. Diagnostic reports transitional Q2, August 21, 2000
CMI to buy 14 USDL imaging centers, August 7, 2000
Copyright © 2001 AuntMinnie.com
