Revenues declined and legal and consultant fees bit into InSight Health Services' bottom line in the company's third fiscal quarter of 2008.
For the period (end-March 31), revenues for the Lake Forest, CA, imaging services provider decreased to $65.4 million, down 7% from $70.1 million in the third quarter of 2007. The company's net loss increased to $19.3 million, compared with $11.5 million in the same period of 2007.
InSight blamed a $2.2 million charge for legal and consulting fees related to certain litigation and a $400,000 charge for an unconsolidated fixed-site center for the greater net loss.
Related Reading
InSight appoints new COO, May 15, 2008
InSight sells five centers to RadNet, April 15, 2008
InSight taps CEO, April 9, 2008
InSight to sell six California centers to RadNet, February 26, 2008
InSight Health initiates rebranding, January 8, 2008
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