February 14, 2008 – NightHawk Radiology Holdings Inc. reported on its financial results for its fourth quarter and full year ended Dec. 31, 2007, highlighting a 65 percent revenue increase from $92.2 million to $151 million for the full year of 2006.

Other 2007 highlights include:

- Organic revenue grew $21.4 million, or 23 percent year-over-year, while acquisitions contributed an additional $38.1 million of revenue for the full year

- New service offerings represented 15 percent of total revenue, or $22.4 million, including final interpretations at eight percent of total revenue, or $12.1 million, and business services at seven percent 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.

- The company ended the year providing services to nearly 1,500 sites, representing approximately 26 percent of all hospitals in the U.S.

- The company achieved 33 percent adjusted EBITDA margins for the full year (excluding the effects of non-cash IBNR malpractice reserves, stock compensation and a one-time charge related to the settlement of an acquisition-related legal dispute) while investing in both infrastructure and new services.

For more information, visit www.nighthawkrad.net


Related Content

News | Computed Tomography (CT)

SPONSORED CONTENT — Fujifilm’s latest CT technology brings exceptional image quality to a compact and user- and patient ...

Time August 06, 2024
arrow
News | Radiology Business

July 31, 2024 — The American Registry of Radiologic Technologists (ARRT) announced the three Registered Technologists (R ...

Time July 31, 2024
arrow
Feature | Computed Tomography (CT) | By Melinda Taschetta-Millane

In the ever-evolving landscape of medical imaging, computed tomography (CT) stands out as a cornerstone technology ...

Time July 30, 2024
arrow
Videos | Radiology Business

Find actionable insights to achieve sustainability and savings in radiology in this newest of ITN’s “One on One” video ...

Time July 30, 2024
arrow
Feature | Radiology Business | By Christine Book

Across the healthcare industry, and, notably, throughout the radiology community in just the past few years, the focus ...

Time July 26, 2024
arrow
Feature | Mobile C-Arms | By Melinda Taschetta-Millane

Mobile C-arms continue to revolutionize medical imaging, offering versatility, mobility and real-time visualization ...

Time July 26, 2024
arrow
News | Radiology Business

July 25, 2024 — Immunis, Inc., a clinical-stage biotech developing groundbreaking secretome therapeutics for age and ...

Time July 25, 2024
arrow
News | RSNA

July 23, 2024 — Professional registration is open for RSNA 2024, the world’s largest radiology forum. This year’s theme ...

Time July 23, 2024
arrow
News | Artificial Intelligence

July 23, 2024 — Researchers at the National Institutes of Health (NIH) found that an artificial intelligence (AI) model ...

Time July 23, 2024
arrow
News | Artificial Intelligence

July 22, 2024 — Healthcare artificial intelligence (AI) systems provider, Qure.ai, has announced its receipt of a Class ...

Time July 22, 2024
arrow
Subscribe Now