Imaging services provider Radiologix has amended and increased its master equipment lease facility with GE Healthcare Financial Services. The amended facility increases to $60 million leasing funds available for diagnostic imaging equipment, with at least two-thirds of the outstanding amount under the facility dedicated to leasing GE equipment, according to the Dallas-based firm.
Availability under the amended GE facility expires on December 31, 2006, and is subject to compliance with certain financial covenants.
In other Radiologix news, the company said it has ended discussions and terminated its August 2003 letter of intent with Rocky Mountain Radiologists to develop a joint-venture partnership to own and operate diagnostic imaging centers. Radiologix said, however, that it continues to pursue discussions with radiology groups in other geographies regarding the development of such projects.
By AuntMinnie.com staff writersJuly 12, 2004
Related Reading
Radiologix sells off six centers, May 10, 2004
Radiologix Q1 shows growth, May 6, 2004
Radiologix adds to management team, March 15, 2004
Radiologix losses continue in Q4, 2003, March 11, 2004
Radiologix amends credit facility with GE, January 9, 2004
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