Printer Friendly

PRIME MEDICAL SERVICES ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 1992

 PRIME MEDICAL SERVICES ANNOUNCES RESULTS
 FOR THE QUARTER ENDED JUNE 30, 1992
 AUSTIN, Texas, Aug. 14 /PRNewswire/ -- Prime Medical Services, Inc. (NASDAQ: PMSI) today announced that its net income for the quarter ended June 30, 1992 was $512,000 compared to $64,000 for the same period last year, a $448,000 (800 percent) increase. Revenues for the quarter ended June 30, 1992 were $4,960,000 compared to $3,169,000 for the same period last year, a $1,791,000 (57 percent) increase.
 Prime also reported that its net income for the six months ended June 30, 1992 was $630,000 compared to $109,000 for the same period last year, a $521,000 (578 percent) increase. Revenues for the six months ended June 30, 1992 were $8,219,000 compared to $6,426,000 for the same period last year, a $1,793,000 (28 percent) increase.
 These increases were primarily attributable to the acquisitions of three diagnostic imaging centers and a license relating to the use of a lithotripter in Birmingham, Ala. The acquisition of one center was effective Jan. 1, 1992 and the acquisitions of the other two centers were effective June 1, 1992. The acquisition of the license to operate the lithotripter was effective April 1, 1992.
 Jackie Majors, president, stated, "These acquisitions have had a significant and very favorable effect on Prime's financial performance. Prime expects continued growth and is actively searching for additional opportunities to acquire diagnostic imaging and lithotripter centers."
 Prime Medical is in the business of owning and providing management services to diagnostic imaging, cardiac rehabilitation and lithotripsy centers.
 PRIME MEDICAL SERVICES, INC.
 (In thousands, except per share data)
 Periods ended Three months Six months
 June 30 1992 1991 1992 1991
 Revenues $4,960 $3,169 $8,219 $6,426
 Net income 512 64 630 109
 Earnings per share
 (fully diluted) $0.05 $0.01 $0.07 $0.01
 Weighted average shares
 used in computation 9,618 8,363 9,464 8,363
 -0- 8/14/92
 /CONTACT: Jackie Majors, president, 601-969-9193 or Cheryl McLeod, chief financial officer, 512-328-2892, both of Prime Medical Services/
 (PMSI) CO: Prime Medical Services, Inc. ST: Illinois IN: MTC SU: ERN


TS -- NY043 -- 0043 08/14/92 13:18 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 14, 1992
Words:375
Previous Article:PRESTON EXPLORES STRATEGIC ALTERNATIVES
Next Article:ASSET INVESTORS REPORTS SECOND QUARTER EARNINGS
Topics:


Related Articles
THE ADMAR GROUP REPORTS FIRST QUARTER RESULTS
FORTIS ANNOUNCES RECORD QUARTERLY RESULTS
FORTIS ANNOUNCES RECORD QUARTERLY RESULTS
UNITED MEDICAL REPORTS SECOND QUARTER RESULTS
CBL MEDICAL REPORTS SECOND QUARTER RESULTS
ALLIANCE IMAGING REPORTS SECOND QUARTER RESULTS
PEER REVIEW ANALYSIS REPORTS SECOND QUARTER RESULTS
PRIME MEDICAL SERVICES ANNOUNCES RESULTS FOR THE FIRST QUARTER OF 1993
HEALTHSOURCE, INC. REPORTS 61 PERCENT INCREASE IN SECOND QUARTER EARNINGS; UNVEILS PLAN FOR A NEW HMO IN GEORGIA
SUNPORT MEDICAL CORPORATION REPORTS FINANCIAL RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters