Making progress in its integration of Radiologix, imaging services provider RadNet reported record revenues for fiscal 2006.
For the year (end-October 31), the Los Angeles-based firm had net revenue of $161 million, up 10.6% compared with the $145.6 million posted in fiscal 2005. RadNet had a net loss of $3 million, compared with a net loss of $3.6 million a year ago.
RadNet said it's on track to achieve its previously announced $11 million of cost savings from the integration of Radiologix. It also has an application pending for listing on the Nasdaq Global Market.
By AuntMinnie.com staff writers
February 8, 2007
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GE closes $161 million deal with Primedex/Radnet, March 21, 2006
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