Although radiology services provider Radiologix had third-quarter revenue of $69.2 million compared to $62.5 million in the same quarter the previous year, profits were down due to a one-time charge. The firm said revenue growth was the result of same-store increases in sales.
Radiologix announced a one-time charge of $1 million related to its share of transaction costs incurred by Saunders Karp & Megrue and its affiliates in connection with the failed proposed merger between Radiologix and an affiliate of SKM.
Because of the one-time charge, Dallas-based Radiologix’ net income for the quarter was $3.8 million, compared to $4.3 million for the third quarter of 2000.
By AuntMinnie.com staff writersNovember 2, 2001
Related Reading
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Radiologix posts year-end results, April 3, 2001
Radiologix extends purchase deadline, January 3, 2001
Radiologix announces merger delay, January 27, 2001
Radiologix deal hits snag, December 4, 2000
Investment firm nears Radiologix buy, November 23, 2000
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