Electron-beam tomography scanning firm BodyScan Imaging of Irvine, CA, has gone public through the acquisition of a publicly held shell company, Medical Career Colleges. BodyScan implemented a stock-for-stock transfer for the firm, according to the company.
BodyScan acquired Medical Career Colleges after a conducting a search for a small-cap company that had filed statements securing the authorization to trade its stock in a secure marketplace. Prior to the deal, Medical Career Colleges had no assets and no measurable trading of its stock.
Going public will enable BodyScan to grow and increase its revenues, according to the company. The company’s shares currently trade on the Pink Sheets under the stock symbol MLCX.PK.
BodyScan operates seven centers throughout the U.S., with a focus on the use of EBT technology for preventive scanning. The company plans to open three more centers in the next six months.
By AuntMinnie.com staff writersOctober 23, 2003
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BodyScan buy-out falls through, February 12, 2003
Newbridge Capital scoops up BodyScan Imaging, affiliates, December 11, 2002
BodyScan Imaging allies with Harbor-UCLA, July 11, 2001
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