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HEALTH IMAGES, INC. ANNOUNCES 1991 RESULTS

 HEALTH IMAGES, INC. ANNOUNCES 1991 RESULTS
 ATLANTA, March 3 /PRNewswire/ -- Health Images, Inc. (NASDAQ: HIMG),


today announced fiscal year 1991 net income of $5,914,400 or $0.49 per share on net revenue of $61,151,000 as compared to fiscal year 1990 net income of $3,024,000 or $0.42 on net revenue of $47,348,800.
 Primary earnings per share were calculated on 12,127,700 and 7,212,000 weighted average common and common share equivalents outstanding for the 1991 and 1990 periods respectively.
 Robert D. Carl III, president and chairman of Health Images, stated: "I am pleased with the record levels achieved during 1991 in net income and especially cash flow from operations. Net income increased by 95.6 percent and cash flow from operations increased by 57.6 percent to a total of $15,536,600. Pre-tax income dramatically increased by 104.0 percent from $4,604,500 in 1990 to $9,391,300 in 1991. The company significantly strengthened its balance sheet by achieving a 45.1 percent decrease in total outstanding debt from $35,761,800 to $19,626,900 and a 114.2 percent increase in total stockholder's equity from $38,015,700 to $81,437,200."
 Health Images, Inc. operates 32 magnetic resonance imaging (MRI) centers in the United States and United Kingdom, and one radiation oncology center. The company also manufactures MRI scanners, provides maintenance service for major medical diagnostic imaging equipment, constructs medical facilities and leases mobile MRI equipment.
 HEALTH IMAGES OPERATING RESULTS
 Year ending Dec. 31
 Inc. Pct. inc.
 1991 1990 (dec.) (dec.)
 Net patient service
 revenue $52,026,100 $41,735,000 $10,291,100 24.7
 Engineering revenue 6,411,000 5,441,800 969,200 17.8
 Other revenue
 and income 2,713,900 172,000 2,541,900 1,477.8
 Total net revenue $61,151,000 $47,348,800 $13,802,200 29.2
 Operating costs 44,665,500 33,960,500 10,705,000 31.5
 General and admin.
 expenses 6,159,400 4,708,000 1,451,400 30.8
 Interest income (1,538,700) (808,600) 730,100 90.3
 Interest expense 1,852,500 3,985,800 (2,133,300) (53.5)
 Total costs and
 expenses $51,138,700 $41,845,700 $9,293,000 22.2
 Income bef. prov. for
 income taxes and
 minority interest 10,012,300 5,503,100 4,509,200 81.9
 Minority int. in income
 of consolidated
 entities 621,000 898,600 (277,600) (30.9)
 Income before income
 taxes 9,391,300 4,604,500 4,786,800 104.0
 Provision for

 income taxes 3,476,900 1,580,500 1,896,400 120.0
 Net income $5,914,400 $3,024,000 $2,890,400 95.6
 Net income per share
 (primary) $0.49 $0.42 $0.07 16.7
 Net income per share
 (fully diluted) $0.49 $0.42 $0.07 16.7
 Primary common shares and
 net dilutive common share
 equivalents 12,127,700 7,212,000 4,915,700 68.2
 Fully diluted common shares
 and net dilutive common
 shares equivalents 12,132,900 7,267,200 4,865,700 67.0
 -0- 3/3/92
 /CONTACT: Robert D. Carl III, president and chairman, or Laura J. Werner, director, shareholder relations, of Health Images, 404-587-5084/
 (HIMG) CO: Health Images, Inc. ST: Georgia IN: MTC HEA SU: ERN


CF-TG -- AT007 -- 4501 03/03/92 13:05 EST
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Date:Mar 3, 1992
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