Imaging services provider Alliance Imaging of Anaheim, CA, announced this week that it expected revenue for the company's 2006 fiscal year to be $428 million to $438 million.
Alliance said it expected adjusted EBITDA (earnings before interest expense, net of interest income, income taxes, depreciation expense, amortization expense, minority interest expense, and noncash stock-based compensation) to be between $138 million and $146 million.
Alliance chairman and CEO Paul Viviano said the company's 2006 financial performance will be affected by a number of industry-wide factors. Scan volumes will be soft as procedure volume at acute care hospitals is weak, while utilization management efforts by payors and insurers will affect demand. In addition, the company's business will be affected by an overcapacity of imaging equipment in the market, especially related to medical groups adding imaging equipment to their offices.
Viviano said that Alliance will continue to focus on its mobile MRI business, expanding its PET and PET/CT business, and adding new fixed-site imaging centers.
By AuntMinnie.com staff writers
December 5, 2005
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Alliance shows gain in Q4 revenue, March 9, 2005
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