Imaging services provider Alliance Imaging of Anaheim, CA, saw its revenues grow 6% in the second quarter (end-June 30), although the company's net income fell slightly.
For the period, Alliance posted revenue of $115.3 million, compared with $108.4 million in the same period of 2005. Net income for the most recent quarter was $5 million, compared with $6.2 million in the corresponding quarter of 2005.
Alliance also said it has settled a class-action suit filed by a class of current and former employees in California alleging violations of the state's wage, meal period, and break time laws and regulations. Alliance agreed to a settlement in which all claims would be dismissed with prejudice in consideration of a cash payment of $2.5 million, according to the company.
By AuntMinnie.com staff writers
August 4, 2006
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Alliance's Q1 revenues grow as profit dips, May 5, 2006
Alliance posts strong Q4, positive '05, February 24, 2005
Alliance issues financial guidance, December 5, 2005
Fewer MRI scans, hurricanes cut Alliance Imaging's Q3, November 4, 2005
Alliance buys PET Scans of America, October 13, 2005
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