US Diagnostic (USDL) announced last week that it has sold substantially all its operating assets, including 21 diagnostic imaging centers, to PresGar Diagnostic Imaging, an affiliate of PresGar Medical Imaging.
West Palm Beach, FL-based USDL had previously announced its sale to the imaging center firm’s primary lender, DVI Financial Services of Jamison, PA. Prior to closing, DVI assigned its rights under the agreement to PresGar, a privately held imaging center operator based in Rockledge, FL.
As part of the sale, PresGar Diagnostic will assume all the indebtedness owed by USDL to DVI's affiliates. Net proceeds from the sale were approximately $14.1 million, and will be used to pay USDL creditors under a liquidation plan pending with the bankruptcy court.
By AuntMinnie.com staff writersDecember 9, 2002
Related Reading
Court approves sale of USDL imaging center assets, October 29, 2002
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
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