A U.S bankruptcy court has approved a Chapter 11 plan for imaging center chain U.S. Diagnostic to sell substantially all its assets, including its 21 remaining diagnostic imaging centers, to DVI Financial Services for about $14 million.
DVI in turn has assigned purchase rights to an affiliate of PresGar Medical Imaging, a privately held company that owns and operates imaging centers in the U.S.
West Palm Beach, FL-based USDL embarked in the mid-1990s on an aggressive center acquisition plan, but incurred heavy debt that forced it begin closing and divesting centers.
By AuntMinnie.com staff writersOctober 29, 2002
Related Reading
USDL to sell centers to DVI, then liquidate company, September 13, 2002
USDL posts Q2 loss, August 20, 2002
U.S. Diagnostic continues downward spiral in fiscal 2001, April 17, 2002
USDL fails to make payments, July 5, 2001
Copyright © 2002 AuntMinnie.com
