Improved volume in existing centers and contributions from acquisitions and operating initiatives helped imaging center chain RadNet to a 19.1% revenue increase in its second quarter.
For the period (end-June 30), the Los Angeles-based firm had revenues of $127.4 million, up from the $107 million reported in the second quarter of 2007. RadNet had a net loss of $2.1 million (including $3.2 million in noncash expenses and nonrecurring items), compared with a net income of $1.2 million last year.
Quarterly highlights included adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $25.7 million, up from $22.2 million a year ago. Overall imaging volume also increased 14.8% over the prior year's quarter, RadNet said.
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RadNet revenues grow as net loss rises, April 1, 2008
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