NightHawk Radiology Holdings, Inc. Announces Fourth Quarter and Full-Year 2007 Results; Updates 2008 Guidance
February 14th, 2008 | by admin |
COEUR D’ALENE, Idaho, Feb. 13 /PRNewswire-FirstCall/ — NightHawkRadiology Holdings, Inc. (Nasdaq: NHWK), the leading provider of radiologysolutions to radiology groups across the United States, today announcedfinancial results for its fourth quarter and full year ended December 31,2007.
2007 Highlights
– Full year revenues grew 65% to $151.7 million from $92.2 million for
the full-year 2007. Organic revenue grew $21.4 million, or 23%
year-over-year, while acquisitions contributed an additional
$38.1 million of revenue for the full year.
– New service offerings represented 15% of total revenue, or
$22.4 million, including final interpretations at 8% of total revenue,
or $12.1 million, and business services at 7% of total revenue, or
$9.9 million.
– The company completed and integrated three acquisitions: Teleradiology
Diagnostic Service, Inc. (TDS) in February, Radlinx Group, Ltd. in
April, and Midwest Physician Services, LLC in July. Through these
acquisitions, NightHawk increased its market share and the number of
affiliated radiologists providing professional interpretations, and
expanded its service offerings to include business services such as
revenue cycle management, accounting and financial management, and
transcription and records management. NightHawk provides the broadest
suite of integrated radiology solutions available.
– The company ended the year providing services to nearly 1,500 sites,
representing approximately 26% of all hospitals in the United States.
– Importantly, the company achieved 33% adjusted EBITDA margins for theSOURCE NightHawk Radiology Holdings, Inc.Copyright©2008 PR Newswire.All rights reserved
Stumble it!
