PET services provider Molecular Imaging Corporation of San Diego has secured a $3.2 million asset-based finance facility provided by Meridian Commercial Healthcare Finance. The company plans to use the funding for potential PET imaging center acquisitions and for additional working capital.
In related news, the firm signed an equipment refinancing agreement with Ascendiant Capital Group and its affiliate, Ascendiant PET Partners. The deal refinances approximately $3.4 million in equipment leases assigned to Ascendiant through the modification of the terms of the leases, according to the firm.
By AuntMinnie.com staff writersMay 14, 2003
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