Insight Health Services Holdings Corp. held its earnings conference call. The company is looking for acquisition opportunities. Kip Hallman, President and CEO of the company said: “We sold our centers and ownership interest at very attractive multiples, generating approximately $32 million of cash proceeds. We have begun to reinvest these proceeds, both in our core business and in targeted acquisitions, including our suburban Boston acquisition. We continue to have a robust pipeline of other potential acquisitions in strategic markets, at attractive prices. In many cases, these acquisitions would result in additional operating synergies that would further reduce the effective purchase multiples. To date we've been able to acquire centers at several turns below the multiples at which we've sold centers, and we continue to focus on maintaining an average post-synergy purchase multiple below four times EBITDA.”

Insight Health Services Holdings Corp. provided capital expenditure guidance for year ending June 30, 2010. The company expects that it probably spend somewhere in the mid-20s range in fiscal year 2010, depending on opportunities to potentially finance some of capital expenditures through leases, that number might change a bit but not substantially.

Insight Health Services Holdings Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2009. The company reported that revenues decreased 17.3% from approximately $64.8 million for the fourth quarter of 2008, to approximately $53.6 million for the fourth quarter of 2009. Adjusted EBITDA increased approximately 11.4% from approximately $9.1 million for the fourth quarter of 2008, to approximately $10.1 million for the fourth quarter of 2009. Adjusted EBITDA decreased 1.2% from approximately $40.2 million for fiscal 2008, to approximately $39.7 million for fiscal 2009. Adjusted EBITDA for the fourth quarter of 2009 increased approximately 18.6% from approximately $8.5 million for the third quarter of 2009. The company reported company reported loss before income taxes of $21.406 million and net loss of $19.754 million or $2.29 per basic and diluted share compared to the income before income taxes of $25.194 million and net income of $27.141 million or $3.39 per basic and diluted share for the same period a year ago. The company announced additions to property and equipment of $21.893 million compared to the additions to property and equipment of $8.262 million for the same period a year ago. The company reported that net cash provided by operating activities of $18.101 million compared to the net cash provided by operating activities of $3.564 million for the same period a year ago. Revenues decreased approximately 13.5% from approximately $264.9 million for fiscal 2008, to approximately $229.3 million for fiscal 2009. Net cash provided by operating activities was approximately $18.1 million for fiscal 2009 and resulted primarily from Adjusted EBITDA of approximately $39.7 million less approximately $25.3 million of cash paid for interest, cash paid for taxes of approximately $0.4 million and various changes in InSight's balance sheet accounts, primarily operating assets and liabilities, deferred income taxes and net distributions from its unconsolidated partnerships. The company reported loss before income taxes of $2.446 million and net loss of $2.346 million or $0.27 per basic and diluted share compared to the income before income taxes of $133.398 million and net income of $127.771 million or $14.78 per basic and diluted share for the same period a year ago. The company announced additions to property and equipment of $8.267 million compared to the additions to property and equipment of $3.450 million for the same period a year ago. The company reported that net cash provided by operating activities of $7.912 million compared to the net cash provided by operating activities of $5.589 million for the same period a year ago.