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Radiologix, Inc. Amends Credit Facility; Amended $35 Million Credit Facility With GE Healthcare Financial Services Increases Liquidity

   RADIOLOGIX LOGO
Based in Dallas, Texas, Radiologix is a leading radiology services company that develops, consolidates and manages radiology service networks. These networks consist primarily of free-standing radiology centers and locations at which the company provides radiology services that have been outsourced by hospitals. The company's objective is to develop and operate networks of radiology facilities to provide a full spectrum of radiology services and extensive geographic coverage in existing market areas and in selected new markets. (PRNewsFoto) [JL]
DALLAS, TX USA
    DALLAS, Jan. 8 /PRNewswire-FirstCall/ -- Radiologix, Inc. (Amex: RGX), a
leading national provider of diagnostic imaging services, today announced that
it amended and restated its $35.0 million credit facility with GE Healthcare
Financial Services.  The amended credit facility permits Radiologix to borrow
up to 85 percent of the value of eligible receivables.  Radiologix currently
has access to the full $35.0 million under the amended credit facility.  The
amended credit facility has a term of 60 months, expiring on
December 31, 2008.
    "We are very pleased with this modification to our capital structure and
increasingly comfortable with our liquidity, which positions us to absorb any
cash fluctuations caused by the implementation of HIPAA EDI requirements, be
more competitive in our markets and expand our business," said Stephen D.
Linehan, president and C.E.O. of Radiologix.

    About Radiologix
    Radiologix (http://www.radiologix.com ) is a leading national provider of
diagnostic imaging services, owning and operating multi-modality diagnostic
imaging centers that use advanced imaging technologies such as positron
emission tomography ("PET"), magnetic resonance imaging ("MRI"), computed
tomography ("CT") and nuclear medicine, as well as x-ray, general radiography,
mammography, ultrasound and fluoroscopy.  The diagnostic images created, and
the radiology reports based on these images, enable more accurate diagnosis
and more efficient management of illness for ordering physicians.  Radiologix
owns or operates 109 imaging centers located in 16 states, with concentrated
geographic coverage in markets located in California, Florida, Kansas,
Maryland, New York, Texas and Virginia.

    About GE Healthcare Financial Services
    GE Healthcare Financial Services, a unit of GE Commercial Finance, is a
provider of capital, financial solutions, and related services for the global
healthcare market.  With $12 billion in assets, GE Healthcare Financial
Services offers a full range of financing capabilities from equipment leasing
and real estate financing to working capital lending and vendor programs.
With its knowledge of all aspects of healthcare from hospitals and long-term
care facilities to physicians' practices and life sciences, GE Healthcare
Financial Services works with customers to create tailored financial solutions
that help them improve their productivity and profitability.  For more
information, visit GE Healthcare Financial Services' Web site at
http://www.gehealthcare.com .

    Safe Harbor Statement
    This press release contains forward-looking statements that relate to
future financial results or business expectations and are made pursuant to the
safe harbor provisions of the Securities Litigation Reform Act of 1995.  Such
statements give our current expectations or forecasts of future events; they
do not relate strictly to historical or current facts.  Any forward-looking
statement speaks only as of the date on which such statement is made.  The
information in this press release is as of January 8, 2004.  Radiologix
undertakes no obligation to update any forward-looking statement or statements
to reflect new events or circumstances or future developments.
    We have tried, whenever possible, to identify such statements by using
words such as "anticipated," "estimates," "expect," "project," "intend,"
"plan," "believe," "will" and similar expressions in connection with any
discussion of future operations or financial performances.  These statements
are subject to risks and uncertainties that exist in the Company's operations
and business environment.  Business plans may change as circumstances warrant
and actual results may differ materially from any forward-looking statements,
which reflect the management's opinion only as of the date hereof.  Such risks
and uncertainties include, but are not limited to, those associated with the
Company's acquisition and expansion strategy; integration of the Company's
affiliated physician practices and newly acquired imaging centers; the
Company's ability to achieve operating efficiencies and engage in successful
new development efforts; regulatory changes; the enforceability of its Service
Agreements and related documents; reimbursement trends; governmental policies;
and general economic and business conditions.  Such risks and uncertainties,
as well as additional risk factors which could affect the forward-looking
statements made in this press release, are included in the Company's filings
with the Securities and Exchange Commission, including its Annual Report on
Form 10-K for the year ended December 31, 2002, and its periodic reports on
Forms 10-Q and 8-K (if any).
    We cannot guarantee that any forward-looking statements will be realized,
although we believe we have been prudent in our plans and assumptions.
Achievement of future results is subject to risks, uncertainties and
potentially inaccurate assumptions.  Should known or unknown risks or
uncertainties materialize, or should underlying assumptions prove inaccurate,
actual results could vary materially from past results and those anticipated,
estimated or projected.  Investors should bear this in mind as they consider
forward-looking statements.


SOURCE Radiologix, Inc.




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Related links:
  • http://www.radiologix.com
  • http://www.gehealthcare.com
    Photo Notes:
    NewsCom: 
    http://www.newscom.com/cgi-bin/prnh/19991026/RLGXLOGO
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, photodesk@prnewswire.com
    CONTACT:
    Paul R. Streiber, Investor Relations of
    Radiologix, Inc., +1-214-303-2702, or
    paul.streiber@radiologix.com