Advertisement
YOU ARE HERE: LAT HomeCollectionsRx Medical Services Corp
IN THE NEWS

Rx Medical Services Corp

MORE STORIES ABOUT:
FEATURED ARTICLES
BUSINESS
August 16, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Rx Medical Services Corp., a company that has been aggressively acquiring medical testing laboratories, said that its earnings doubled and its revenue increased fivefold during the second quarter. The Newport Beach firm reported net income of $210,924 on sales of $3.9 million in the period ended June 30, compared to earnings of $121,812 on sales of $708,196 during the same period last year.
ARTICLES BY DATE
BUSINESS
January 8, 1993
Rx Medical Services Inc. said Thursday that it has purchased a Fresno diagnostics laboratory for $2 million, bringing to 19 the number of acquisitions the Newport Beach-based firm has completed in two years. The acquisition of Quail Diagnostic Laboratory, which had 1992 sales of $2 million, is expected to boost Rx Medical's annual revenue to $26 million, the company said. As part of the deal, Quail President Shari Rainwater will join Rx Medical as vice president of its western region.
Advertisement
BUSINESS
September 30, 1992
Rx Medical Services Corp., a holding company for medical laboratories, said Tuesday that it has raised $1.5 million in a private placement of 500,000 newly issued common shares. The company, which has been aggressively acquiring testing labs during the past 18 months, said it will use the money to pay off debt and buy more clinical labs and imaging centers.
BUSINESS
August 25, 1992 | ANNE MICHAUD
Rx Medical Services Corp., a holding company for medical testing laboratories, said Monday that it has agreed to acquire Lawrence Medical Laboratory in Monrovia for an undisclosed amount. Rx Medical said that the acquisition, its 17th in the past 18 months, will increase its revenue to more than $22.5 million annually. Rx Medical's laboratories provide imaging and blood-testing services. In Monday's trading on the American Stock Exchange, the company's stock fell 25 cents a share to close at $4.
BUSINESS
August 22, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Continuing its aggressive growth tactics, Rx Medical Services Corp. said Friday that it has purchased a Victorville diagnostics laboratory for $4 million in cash and stock. The acquisition of High Desert Imaging from a limited partnership marks Rx Medical's first inroad into the CAT-scan and magnetic resonance imaging field, company spokesman Des Levin said. "We wanted to get into that business in a big way," Levin said.
BUSINESS
January 8, 1993
Rx Medical Services Inc. said Thursday that it has purchased a Fresno diagnostics laboratory for $2 million, bringing to 19 the number of acquisitions the Newport Beach-based firm has completed in two years. The acquisition of Quail Diagnostic Laboratory, which had 1992 sales of $2 million, is expected to boost Rx Medical's annual revenue to $26 million, the company said. As part of the deal, Quail President Shari Rainwater will join Rx Medical as vice president of its western region.
BUSINESS
November 2, 1992
Leonard Maniscalco has been appointed to the newly created position of chief financial officer for Rx Medical Services Corp., a Newport Beach company that develops, acquires and manages medical diagnostic facilities and other medical services providers. Before joining the company, he was chief financial officer of Loren Industries Inc. Before that, Maniscalco was assistant to the chief financial officer of Cordis Corp.
BUSINESS
August 25, 1992 | From Times Staff and Wire Reports
Rx Medical to Acquire Laboratory Rx Medical Services Corp., a Newport Beach-based holding company for medical testing laboratories, said that it has agreed to acquire Lawrence Medical Laboratory in Monrovia for an undisclosed amount. Rx Medical said that the acquisition, its 17th in the past 18 months, will increase its revenue to more than $22.5 million annually. On the American Stock Exchange, the company's stock fell 25 cents a share to close at $4.38.
BUSINESS
November 2, 1992
Leonard Maniscalco has been appointed to the newly created position of chief financial officer for Rx Medical Services Corp., a Newport Beach company that develops, acquires and manages medical diagnostic facilities and other medical services providers. Before joining the company, he was chief financial officer of Loren Industries Inc. Before that, Maniscalco was assistant to the chief financial officer of Cordis Corp.
BUSINESS
September 30, 1992
Rx Medical Services Corp., a holding company for medical laboratories, said Tuesday that it has raised $1.5 million in a private placement of 500,000 newly issued common shares. The company, which has been aggressively acquiring testing labs during the past 18 months, said it will use the money to pay off debt and buy more clinical labs and imaging centers.
BUSINESS
August 25, 1992 | ANNE MICHAUD
Rx Medical Services Corp., a holding company for medical testing laboratories, said Monday that it has agreed to acquire Lawrence Medical Laboratory in Monrovia for an undisclosed amount. Rx Medical said that the acquisition, its 17th in the past 18 months, will increase its revenue to more than $22.5 million annually. Rx Medical's laboratories provide imaging and blood-testing services. In Monday's trading on the American Stock Exchange, the company's stock fell 25 cents a share to close at $4.
BUSINESS
August 22, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Continuing its aggressive growth tactics, Rx Medical Services Corp. said Friday that it has purchased a Victorville diagnostics laboratory for $4 million in cash and stock. The acquisition of High Desert Imaging from a limited partnership marks Rx Medical's first inroad into the CAT-scan and magnetic resonance imaging field, company spokesman Des Levin said. "We wanted to get into that business in a big way," Levin said.
BUSINESS
August 16, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Rx Medical Services Corp., a company that has been aggressively acquiring medical testing laboratories, said that its earnings doubled and its revenue increased fivefold during the second quarter. The Newport Beach firm reported net income of $210,924 on sales of $3.9 million in the period ended June 30, compared to earnings of $121,812 on sales of $708,196 during the same period last year.
Los Angeles Times Articles
|