Magellan Health Services has completed its acquisition of National Imaging Associates (NIA), a privately held radiology benefits-management services provider in Hackensack, NJ.
Magellan said it paid approximately $122 million for the firm, which will become a wholly owned subsidiary. Magellan believes that the NIA business will contribute approximately $1 million in net income and $13 million in segment profit to its results in the remainder of 2006, according to the Avon, CT-based company.
By AuntMinnie.com staff writers
February 1, 2006
Related Reading
Magellan to acquire NIA, December 13, 2005
Massachusetts insurers seek to cut imaging utilization, September 12, 2005
NIA lands $20 million investment, July 17, 2002
NIA adds Dr. Howard Kessler as advisor, July 19, 2001
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