RadNet grows revenue, trims loss

Improved procedural volume and contributions from acquisitions helped imaging services provider RadNet to a 4% gain in revenue in its second quarter.

For the period (end-June 30), the Los Angeles-based firm had revenue of $131.1 million, up 3.6% over the $126.6 million booked in the second quarter of 2008. The company had a net loss of $336,000, compared with a net loss of $2.1 million a year ago.

In quarterly highlights, overall procedure volume increased 4.5% over volume reported for the same quarter in 2008, RadNet said.

Related Reading

RadNet closes on nine-center purchase, June 15, 2009

RadNet posts good Q1 numbers, May 11, 2009

RadNet to buy 10 centers, April 20, 2009

RadNet posts Q2 loss despite revenue gains, August 11, 2008

RadNet acquires Delaware imaging center, July 23, 2008

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