IDX inks RIS/PACS deals, posts increased revenue and income

Information systems developer IDX Systems signed several RIS/PACS agreements in the second quarter. New clients for the Burlington, VT-based vendor’s Imagecast RIS/PACS offering include: Midland Memorial Hospital in Midland, TX; PeaceHealth, an integrated delivery network (IDN) in Bellevue, WA; and Premier Health Partners of Dayton, OH, an IDN that recently went live with the product.

In other IDX news, the vendor posted second-quarter revenues of $98.3 million, up 16% compared with $85.1 million booked in the second quarter of 2002. For the period (end-June 30) IDX had net income of $32.1 million, compared with $2.8 million in the second quarter last year. Net income for the second quarter of 2003 includes income from discontinued operations consisting primarily of a gain, net of income taxes, of $26.4 million associated with the company’s sale of its EDiX business.

For the first half of its fiscal year, the firm reported revenues of $190.7 million, up 15% compared with revenues of $166 million for the same period in 2002. For the six-month period, IDX reported net income of $36 million, compared with net income of $6.9 million in the same period last year.

By staff writers
July 22, 2003

Related Reading

Vidar, IDX partner, June 12, 2003

IDX inks PACS deals, posts revenue gains, April 30, 2003

IDX sells EDiX, updates 2003 guidance, April 11, 2003

IDX adds ImageCast at five locations, February 6, 2003

IDX to take Q4 charge, raise 2003 estimates, December 11, 2002

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