RadNet's Q1 revenues jump

Imaging services firm RadNet reported an 18% jump in revenues for the company's first quarter of 2011 (end-March 31). The firm's net loss for the period also narrowed.

For the quarter, RadNet reported revenue of $146.2 million, compared with revenue of $124.2 million in the corresponding quarter of 2010. The company's net loss for the period narrowed to $876,000, compared with a net loss of $4.1 million in 2010.

The company reported that as of March 31 it operated 201 diagnostic imaging facilities in six states.

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