Bio-Imaging Technologies

BioClinica Profits Down, Revenues Up Due to Acquisition

Wednesday, May 6, 2009 10:07 AM

BioClinica, the recently renamed and rebranded Bio-Imaging Technologies, reported a 31% drop in profit for the first quarter 2009 compared with the same period last year. Net income decreased from $1.14 million, or $0.09 per diluted share, in 2008, to $786,000, or $0.05 per diluted share, for Q1 2009.

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Bio-Imaging to Acquire etrials

Tuesday, May 5, 2009 08:40 AM

Only a week after Bio-Imaging Technologies announced a name change to BioClinica and alluded to future acquisitions, the contract research organization (CRO) announced this morning its intent to acquire troubled eClinical vendor etrials Worldwide.

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Bio-Imaging Technologies Changes Name to BioClinica, Expects to Acquire More Companies

Tuesday, April 28, 2009 09:05 AM

Now that Newtown, Pa.-based contract research organization Bio-Imaging Technologies has completed its integration of Phoenix Data Systems, which it acquired in March 2008, the company has changed its name to BioClinica. The new name also marks the start of an active acquisition phase for the 450-employee company, which plans to acquire more companies in the clinical research services space.

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Bio-Imaging Technologies Revenues up 50%

Thursday, February 12, 2009 07:00 AM

Bio-Imaging Technologies reported 50% revenue growth for 2008 following the March 2008 acquisition of Phoenix Data Systems (PDS). Full year 2008 service revenues increased to $56.2 million, up from $37.5 million in 2007. PDS accounted for $12.5 million of that revenue.

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Bio-Imaging Technologies Sells CapMed Division

Thursday, January 8, 2009 09:44 AM

Contract research organization (CRO) Bio-Imaging Technologies has sold off its CapMed division, which provides personal health management solutions to hospitals, employers and pharmaceutical companies, in order to better focus on the CRO’s core clinical trials business.

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Bio-Imaging Q3 Revenues Increase 58%

Friday, November 7, 2008 10:00 AM

Bio-Imaging Technologies saw a big jump in its third quarter revenues thanks to the March 2008 acquisition of eClinical company Phoenix Data Systems (PDS).

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PDS Acquisition Boosts Bio-Imaging Earnings

Thursday, August 21, 2008 02:47 PM

Newtown, Pa.-based contract research organization (CRO) Bio-Imaging Technologies released second quarter financial results that show a 61% increase in service revenues compared with the same period a year ago. Revenues hit $15.2 million for its second quarter compared with $9.5 million for the same period last year. This most recent earnings report reflects the operating results of Bio-Imaging’s March 2008 acquisition of Phoenix Data Systems (PDS). Bio-Imaging’s backlog increased 44.6% to $115.8 million, of which $17.2 million is attributable to PDS. Based on Bio-Imaging Technologies success during the first half of the year, president and chief executive officer Mark Weinstein said the company is increasing its 2008 service revenue guidance to $53 million to $56 million, up from $53 million to $55 million.

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