| Business Summary | | US
Diagnostic,
Inc.
is
engaged
in
the
sale
of
its
multi-modality
diagnostic
imaging
centers
and
related
medical
facilities.
The
Company
provided
a
variety
of
medical
diagnostic
testing
and
evaluation
service
procedures
including
magnetic
resonance
imaging,
computerized
tomography
scanning,
ultrasound
and
various
radiological
services.
The
use
of
the
type
of
imaging
and
treatment
equipment
had
allowed
physicians
to
quickly
and
accurately
diagnose
and
treat
a
wide
variety
of
diseases
and
injuries
without
exploratory
surgery
or
other
invasive
procedures.
On
May
9,
2000,
the
Company
decided
to
sell
all
of
its
imaging
centers
and
adopt
a
restructuring
plan.
Under
the
restructuring
plan,
the
Company
can
reinvest
in
a
new
business
or
businesses
the
net
proceeds
from
the
imaging
center
sales,
if
any.
If
the
Company
is
unable
to
or
chooses
not
to
reinvest
in
a
new
business,
it
may
be
liquidated. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | US
Diagnostic,
Inc.
was
engaged
as
a
medical
services
provider
of
multi-modality
diagnostic
imaging
centers
until
5/00.
USDL
is
now
looking
for
new
business
opportunity.
For
the
six
months
ended
6/30/01,
revenues
fell
58%
to
$32.4
thousand.
Net
loss
before
extraordinary
items
totalled
$13.9
million,
up
from
$4.5
million.
Revenues
reflect
the
sale
of
some
facilities.
Higher
loss
also
reflects
$15.5
million
in
asset
impairment
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Glen Kassan, 57 Chairman | -- | Leon Maraist, 58 Pres,
CEO, Director | $965K | P. Andrew Shaw, 44 CFO,
Exec. VP | 781K | Jerry Aron, 49 Exec.
VP, Gen. Counsel, Sec. | 191K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|