Imaging services provider Alliance Imaging reported second-quarter revenue of $108.4 million, down 1% compared with the $109.5 million posted the same quarter a year ago. For the period (end-June 30), the company had net income of $6.2 million, compared with net income of $11.7 million in the second quarter of 2004.
Chairman and CEO Paul Viviano said healthcare providers are experiencing increased utilization pressures from insurers, which impacts Alliance's business. Alliance reaffirmed its financial guidance for 2005, expecting revenue to range from $427 million to $437 million. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to range from $166 million to $172 million, according to Anaheim, CA-based Alliance.
By AuntMinnie.com staff writers
August 4, 2005
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