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Newport Beach-based Alliance Healthcare's revenue hits $132 million
Number is a 10 percent increase over same time last year.
By Kristen SchottPublished: April 29, 2009 02:58 PM
Newport Beach's Alliance Healthcare Services is reporting its first quarter results, and despite the tough economic climate, the company's revenue jumped to $132 million. It's a 10 percent increase compared to $119 million in the first quarter of 2008.
The company's net income reached $4.3 million, up 27 percent from $3.4 million at the same time last year.
During the first quarter, Alliance opened one radiation oncology center and five new fixed-site imaging centers. Capital expenditures were $15 million compared to $17 million in the first quarter of 2008.
"Alliance HealthCare Services continues to perform to expectations as we continue to diversify by making investments in radiation oncology centers, PET/CT operations and fixed-site imaging centers in partnership with hospitals, "says CEO and Chairman Paul Viviano. "In addition, Alliance continues to diligently evaluate selective acquisitions.”
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The company's net income reached $4.3 million, up 27 percent from $3.4 million at the same time last year. During the first quarter, Alliance opened one radiation oncology center and five new fixed-site imaging centers. Capital expenditures were $15 million compared to $17 million in the first quarter of 2008. "Alliance HealthCare Services continues to perform to expectations as we continue to diversify by making investments in radiation oncology centers, PET/CT operations and fixed-site imaging centers in partnership with hospitals, "says CEO and Chairman Paul Viviano. "In addition, Alliance continues to diligently evaluate selective acquisitions.” NEXT PAGE >> Related headlines Irvine's Visiogen sees $40 million in equity financing Kaiser Permanente Orange County tops agency in breast cancer screenings CSU Fullerton's Puri: 'The Great Recession' |
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