Teleradiology services provider NightHawk Radiology Holdings issued preliminary financial results for 2007 that show recent acquisitions boosting revenues for the year, although the company reported a slump in the fourth quarter (end-December 31).
The Coeur d'Alene, ID-based firm's preliminary unaudited financial results for 2007 show revenues in the range of $151 million to $152 million, compared with $92 million in 2006. The firm said that its acquisitions of Midwest Physician Services and Radlinx helped boost sales for the year.
Fourth-quarter revenues are expected to be lower, however, which the company blamed on greater-than-expected seasonality and a delay in transitioning former Radlinx physician contracts to Nighthawk's compensation model.
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Road to RSNA, Teleradiology Services, November 9, 2007
Nighthawk profit slips as revenues boom, October 31, 2007
NightHawk posts Q2 gains, July 26, 2007
NightHawk acquires Midwest Physician Services, July 17, 2007
Nighthawk Radiology signs with TeraRecon, May 29, 2007
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