It didn’t take long for imaging center chain US Diagnostic to begin implementing its recently announced restructuring plan, which calls for the divestiture of all or nearly all of its imaging centers. Imaging center chain Comprehensive Medical Imaging announced that its has entered into an agreement to acquire 14 medical imaging centers in California and Florida from West Palm Beach, FL-based USDL.
Completion of the deal is subject to expiration of the applicable waiting period under the Hart-Scott-Rodino Act and various customary closing conditions. CMI will pay approximately $39.5 million in cash, and assume approximately $1.5 million in debt for the 14 sites, according to CMI parent company Syncor, of Woodland Hills, CA. Upon completion of the deal, CMI will operate 56 imaging centers in 11 states.
By AuntMinnie.com staff writersAugust 7, 2000
Related Reading
Syncor revenues, income surge in Q2, July 27, 2000
USDL announces approval of restructuring plan, July 24, 2000
USDL puts itself up for sale, May 10, 2000
