Imaging center chain Medical Resources experienced a tough 1999. The Hackensack, NJ, company had revenues of $157.6 million during the period (end-December 31), down 12% compared with the $179.1 million in sales reported in 1998.
The company had a net loss of $52.3 million, compared with a net loss of $25.6 million last year. In other developments, the firm reported that it had reached an agreement in principle to convert $75 million of senior notes owed to lenders into equity in the company.
By AuntMinnie.com staff writers
March 31, 2000
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