Acquisition of InSight Health Services Corp. Completed.Business Editors and Health/Medical Writers NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--Oct. 17, 2001 InSight Health Services health services Managed care The benefits covered under a health contract Corp. ("InSight") (Nasdaq:IHSC IHSC Indiana Harbor and Ship Canal ) today announced that the agreement and plan of merger providing for the acquisition of InSight by an affiliate of J.W. Childs Associates, L.P. and The Halifax Group, L.L.C. had been completed. About InSight InSight provides diagnostic imaging and information, treatment and related management services. It serves managed care entities, hospitals and other contractual customers in 28 U.S. states, including five major U.S. markets: California, the Southwest (including a major presence in Texas), the Midwest, the Northeast and the Southeast. Visit InSight's Web site at www.insighthealth.com. About J.W. Childs Associates J.W. Childs Associates, L.P. is a Boston-based private equity investment firm with $1.5 billion of capital under management specializing in leveraged buyouts and recapitalizations of middle-market growth companies in partnership with company management. About The Halifax Group The Halifax Group, L.L.C. is a private equity partnership with $200 million under management with offices in Washington, D.C., Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Raleigh, N.C. The Halifax Group focuses on management-led recapitalizations and leveraged buyouts in middle-market growth companies. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control acted as financial adviser to InSight and Banc of America Securities LLC acted as financial adviser to J.W. Childs and The Halifax Group in the transaction. The matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors as availability of financing to consummate the transaction, obtaining the necessary regulatory and other approvals to consummate the transaction, changing regulatory environment, limitations and delays in reimbursement by third party payors, contract renewals, financial stability of customers, aggressive competition, and other risk factors detailed in the company's SEC filings. |
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