Radiology center operator Radiologix reported a 23% revenue increase this year in financial results released yesterday. The Dallas-based company’s fourth-quarter and year-end results also showed a 9% same-store service fee increase, and a $13.3 million operational cash flow for the year.
In other news, the company is still working with New York City investment firm Saunders, Karp & Megrue in seeking financing for its merger with affiliate SKM-RD Acquisition. In addition, Radiologix and its bank group have converted a $160 million revolving credit facility into a $100 million term loan and $60 million of revolving credit.
The financing deal provides Radiologix with $36 million of principal amortization deferral during 2001, and $15 million in 2002.
By AuntMinnie.com staff writersApril 3, 2001
Related Reading
Radiologix extends purchase deadline, January 3, 2001
Radiologix announces merger delay, December 27, 2000
Radiologix deal hits snag, December 1, 2000
Investment firm nears Radiologix buy, November 23, 2000
Radiologix reports solid Q3, November 2, 2000
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