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Teleradiology Demise?
(DIAGNOSTIC IMAGING, Rebekah Moan) --
Nighthawk cuts jobs, closes offices, but still poised for growth, analyst says
Nighthawk remains poised for growth despite a recent announcement that it is closing some offices and cutting jobs, according to a financial analyst who follows the company.
On June 11 Nighthawk announced in its 8-K filing to the Securities and Exchange Commission its plan to reduce operating costs by closing offices in San Francisco and Austin, TX, and a portion of its facility in Coeur d’Alene, ID. The company will lay off 35 employees. Nighthawk says it will incur restructuring costs of approximately $1.1 million, with $600,000 in lease disposal charges, $200,000 in asset write-off charges, and $300,000 in employee severance costs.
This article was republished with permission from CMPMedica, LLC
Nighthawk cuts jobs, closes offices, but still poised for growth, analyst says
Nighthawk remains poised for growth despite a recent announcement that it is closing some offices and cutting jobs, according to a financial analyst who follows the company.
On June 11 Nighthawk announced in its 8-K filing to the Securities and Exchange Commission its plan to reduce operating costs by closing offices in San Francisco and Austin, TX, and a portion of its facility in Coeur d’Alene, ID. The company will lay off 35 employees. Nighthawk says it will incur restructuring costs of approximately $1.1 million, with $600,000 in lease disposal charges, $200,000 in asset write-off charges, and $300,000 in employee severance costs.
This article was republished with permission from CMPMedica, LLC
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Comment
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Comment by Ian Seidel on September 15, 2010 at 7:17pm
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I believe Teleradiology is here to stay. We are starting to see more and more uses for technology to foster change in the way medicine is preformed.
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