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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.

See full article and related articles at DiagnosticImaging.com

This article was republished with permission from CMPMedica, LLC

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Comment by Ian Seidel on September 15, 2010 at 7:17pm
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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