Financial News: InSight Healthcare takes a hit

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InSight Health Services Holdings announced its Q4 and fiscal year numbers (ended June 30, 2006). The imaging technology provider saw revenues decline approximately 3.3 percent from $316.9 million in 2005 to $306.3 million for the fiscal year ended in June. Fourth-quarter revenue also decreased approximately 5.4 percent from $79.7 million in the previous year to $75.4 million. The company in part blames the hit it has taken on its fixed and mobile operations on overcapacity in the diagnostic imaging industry, as well as on reductions in reimbursement and planned reductions from Medicare.