May 7, 2009 / 11:38 AM / in 9 years

UPDATE 1-CML profit inches higher on acquisitions

* Earnings per unit C$0.26 vs C$0.25

* Revenue rises 38.6 percent to C$128.3 million

(Adds details)

TORONTO, May 7 (Reuters) - CML Healthcare Income Fund CLC_u.TO reported a slightly higher first-quarter profit on Thursday, boosted by its American Radiology Services division.

The Canadian company, which specializes in imaging and laboratory services, said it earned C$23 million ($19.7 million), or 26 Canadian cents a basic unit, compared with C$21.9 million, or 25 Canadian cents a unit, for the same time last year.

Revenue rose 38.6 percent to C$128.3 million.

Analysts were expecting an average of 27 Canadian cents a unit before items and revenue of C$128.5 million.

The company said it was helped during the quarter by the strong performance from American Radiology Services. The company bought American Radiology for $150.4 million last year, giving it 15 diagnostic medical imaging centers in Delaware and Maryland. ($1=$1.17 Canadian) (Reporting by Scott Anderson, editing by Gerald E. McCormick)

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