Unilab Nearly Doubles 4th-Quarter Income

Unilab Corp. in Tarzana reported net income for the fourth quarter ended Dec. 31 of $2 million, up from $1.1 million for the fourth quarter of 1998. Revenue rose to $71.7 million from $55.3 million. For the year ended Dec. 31, the company reported net income of $20.6 million compared with $10.7 million in 1998. Revenue rose to $285.2 million from $217.4 million.

In addition, Unilab announced it has signed an agreement to acquire the assets of Pasadena-based Southern California Clinical Laboratories in. Terms of the agreement were not disclosed.

Unilab provides clinical laboratory testing services throughout California.