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Published on 3/21/2011 in the Prospect News Distressed Debt Daily.

InSight Health Services' EBITDA declines to $469,248 for February

By Lisa Kerner

Charlotte, N.C., March 21 - InSight Health Services Holdings Corp. reported $469,248 of EBITDA for February on $12.95 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company posted $1.74 million of EBITDA for January on $13.71 million in revenues.

The net loss for February was $2.52 million, widening from a $1.46 million net loss for the January period.

InSight had $2.41 million in cash and cash equivalents at Feb. 28, up from $1.11 million at the end of January.

InSight, a Lake Forest, Calif., provider of diagnostic imaging services, filed for bankruptcy on Dec. 10, 2010. The Chapter 11 case number is 10-16564.


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