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Alliance Imaging Sets 2008 Sales View



By AP
17 December 2007 @ 06:31 pm EST

ANAHEIM, Calif. - Alliance Imaging, which provides medical imaging services, said Monday it expects 2008 revenue to grow to a range of $472 million to $484 million.

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Analysts polled by Thomson Financial project sales of $486.9 million, on average.

The company, which operates mobile and standing imaging centers, said next year's revenue would be $3 million lower due to government payment cuts for imaging procedures, including MRI and PET scans. Lawmakers have begun targeting imaging as a source of savings for the Medicare program, which provides health care to more than 40 million elderly Americans.

Alliance also reaffirmed previously announced 2007 revenue between $439 million and $443 million. Analysts polled by Thomson Financial expect revenue of $443.1 million.

Shares of Alliance Imaging Inc. rose 5 cents in after-hours trading Monday to $9.01, after falling 15 cents to close at $8.96 in regular trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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