Merge sees positive net income for Q3

TriMed Staff | | Health Imaging | Diagnostic Imaging
Merge Healthcare, a medical imaging solutions provider, has reported its financial results for the third quarter of 2008, which ended Sept. 30.

Net income for the third quarter of 2008 was $400,000, compared to a net loss of $141.6 million in the third quarter of 2007, and a net loss of $18.2 million in the second quarter of 2008, according to the Milwaukee-based Merge.

For the 2008 third quarter, the company said its net sales totaled $14.6 million, compared to $14.1 million in the 2007 third quarter, and $13.3 million in the 2008 second quarter, which ended June 30.

Operating income for the 2008 third quarter was $1.3 million, compared to operating losses of $141.9 million in the 2007 third quarter, and $18.3 million in the 2008 second quarter. Merge said that a goodwill impairment charge of $122.4 million contributed to the operating loss for the 2007 third quarter. The company also noted that a restructuring charge of $7.5 million and a $3 million charge associated with the settlement of a class action lawsuit contributed to the operating loss for the 2008 second quarter.

TriMed Staff

Related Content

AI rules out abnormal findings on chest X-rays, significantly reducing workloads
Older adults among the walking wounded with incident TBI
Philips moves digital pathology to the cloud with AWS
PHOTO GALLERY: What does fetal medical imaging look like?
Speaker laments radiology’s major contribution to climate change
Radiologist accuracy takes a hit overnight, especially with advanced imaging exams

Around the web

Radiology Business
The biggest challenges facing radiology business managers in 2025

RBMA President Peter Moffatt discusses some of the biggest obstacles facing the specialty in the new year. 

Cardiovascular Business
New cardiac prevention paradigm explored in TRANSFORM trial using AI and CCTA

Deepak Bhatt, MD, director of the Mount Sinai Fuster Heart Hospital and principal investigator of the TRANSFORM trial, explains an emerging technique for cardiac screening: combining coronary CT angiography with artificial intelligence for plaque analysis to create an approach similar to mammography.

Cardiovascular Business
Cardiology practices pay $17.7M to settle fraud allegations brought on by whistleblowers

A total of 16 cardiology practices from 12 states settled with the DOJ to resolve allegations they overbilled Medicare for imaging agents used to diagnose cardiovascular disease.