Alliance Medical posts $1.21 million September net loss; revenue down

By Caroline Salls

Pittsburgh, Dec. 20 – Alliance Medical Holdings, LLC reported a $1.21 million net loss for September on $9.07 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, Alliance posted a $211,222 net loss for August on $10.91 million in revenue.

The company had $2.93 million in cash as of Sept. 30, down from $4.55 million at the end of August.

Alliance Medical is a South Jordan, Utah-based pharmacy company. The company filed bankruptcy on April 7, 2017 under Chapter 11 case number 17-32186.

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