DALLAS, Sept. 2 /PRNewswire-FirstCall/ -- Radiologix, Inc. (Amex: RGX), a
leading national provider of diagnostic imaging services, today announced that
John R. Gunn has been elected to the Radiologix Board of Directors. Four of
Radiologix's six directors are now independent directors.
Since 1987, Mr. Gunn, 61, has served as the executive vice president and
chief operating officer of Memorial Sloan-Kettering Cancer Center, a cancer
research and treatment center in New York. From 1985 to 1987, Mr. Gunn served
as senior vice president, finance at Memorial Sloan-Kettering. From 1982 to
1985, he served as vice president, finance at Memorial Sloan-Kettering.
Previously, he was the vice president, finance at Michael Reese Hospital and
Medical Center in Chicago. Mr. Gunn began his career with Peat, Marwick,
Mitchell & Co. and is a Fellow of the Institute of Chartered Accounts in
England & Wales.
Mr. Gunn has been a director of WellChoice, Inc. since August 2002, and of
Empire BlueCross BlueShield from March 1993 to November 2002. Mr. Gunn also
serves on the boards of Memorial Sloan-Kettering Cancer Center, the Devereaux
Foundation and the Greater New York Hospital Association.
"We are very pleased to have someone of John's caliber and professional
experience join our board of directors," said Stephen D. Linehan, president
and chief executive officer of Radiologix. "As we continue to make progress
in growing same-store revenue, operating the company more efficiently and in
finding additional growth opportunities, John's breadth of knowledge and depth
of experience will be a valuable resource to us."
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
owned or operated 94 diagnostic imaging centers located in 13 states as of
June 30, 2004.
Forward-Looking Statements
Throughout this press release we make "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act").
Forward-looking statements include words such as "may," "will," "would,"
"could," "likely," "estimate," "intend," "plan," "continue," "believe,"
"expect" or "anticipate" and other similar words and include all discussions
about our acquisition and development plans. We do not guarantee that the
transactions and events described in this press release will happen as
described or that any positive trends noted in this press release will
continue.
The forward-looking statements contained in this press release are
generally located in the material set forth under the heading "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in
our filings with the Securities and Exchange Commission. These forward-
looking statements generally relate to our plans, objectives and expectations
for future operations and are based upon management's reasonable estimates of
future results or trends. Although we believe that our plans and objectives
reflected in or suggested by such forward-looking statements are reasonable,
we may not achieve such plans or objectives.
You are cautioned not to unduly rely on such forward-looking statements
when evaluating the information presented in this press release. You should
read this press release completely and with the understanding that actual
future results may be materially different from what we expect. We will not
update forward-looking statements even though our situation may change in the
future.
Specific factors that might cause actual results to differ from our
expectations include, but are not limited to:
-- economic, demographic, business and other conditions in our markets;
-- the highly competitive nature of the healthcare business;
-- a decline in patient referrals;
-- changes in the rates or methods of third-party reimbursement for
diagnostic imaging services;
-- the termination of our contracts with radiology practices;
-- the loss of a high percent of radiologists operating in our contracted
radiology practices;
-- the ability to recruit and retain technologists;
-- the availability of additional capital to fund capital expenditure
requirements;
-- burdensome lawsuits against our contracted radiology practices and us;
-- reduced operating margins due to our managed care contracts and
capitated fee arrangements;
-- any failure by us to comply with state and federal anti-kickback and
anti-self referral laws or any other applicable healthcare
regulations;
-- changes in business strategy and development plans;
-- changes in federal, state or local regulations affecting the
healthcare industry;
-- our substantial indebtedness, debt service requirements and liquidity
constraints;
-- risks related to our Senior Notes and healthcare securities generally;
and
-- interruption of operations due to severe weather or other
extraordinary events.
A more comprehensive list of such factors is set forth in the Company's
Annual Report on Form 10-K, as amended, for the year ended December 31, 2003,
and our other filings with the Securities and Exchange Commission.
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
September 2, 2004. Radiologix undertakes no obligation to update any forward-
looking statement or statements to reflect new events or circumstances or
future developments.
SOURCE Radiologix, Inc.
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Related links: http://www.radiologix.com
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CONTACT: investor relations, Paul R. Streiber of Radiologix, Inc., +1-214-303-2702, or paul.streiber@radiologix.com
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