Magellan Health Services said it has signed a definitive agreement to acquire National Imaging Associates, a privately held radiology benefits-management services provider in Hackensack, NJ.
Under the terms of the agreement, NIA will become a wholly owned subsidiary of Magellan. The net purchase price is estimated at $122 million, after giving effect to cash to be acquired in the transaction, Magellan said. The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close in the first quarter of 2006, according to the Avon, CT-based firm.
By AuntMinnie.com staff writers
December 13, 2005
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