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Alliance Cuts View, Makes Acquisition

Alliance Imaging Inc., an Anaheim-based provider of medical imaging services, last week lowered its revenue outlook for the third quarter and announced an acquisition.

Alliance said it expects to report revenue of $106 million for the quarter, down from its previous forecast of $107 million to $110 million.

The company said its business was affected by greater-than-expected softness in scanning revenue, disruption of operations by hurricanes Katrina and Rita, as well as rising fuel and transportation costs.

Alliance reiterated its previous profit guidance of $16.8 million to $19.8 million on sales of $424.5 million to $428.5 million.

Meanwhile, Alliance said it bought PET Scans of America Corp. for $44 million. The company expects the acquisition to contribute about $20 million in revenue a year.

PET Scans, which provides mobile imaging services to hospitals, operates in 13 states.

,Vita Reed

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