Alliance Imaging Announces Acquisitions in Northwest Indiana.Business Editors Alliance Imaging Inc. (NYSE NYSE See: New York Stock Exchange :AIQ AIQ Analytical Instrument Qualification AIQ Available in Quarters AIQ Action Internet Québec AIQ Allowance Item Quantity AIQ Analyst Interest Queue AIQ Algebraic Integer Quantization ), a leading national provider of outsourced diagnostic imaging services, today announced that it has acquired three free-standing imaging centers and three mobile, shared-service systems in the Northwest Indiana market from various entities affiliated with Radiologic Associates of Northwest Indiana Inc., effective July 1, 2002. These acquisitions of free-standing imaging centers include a multi-modality center, an Open MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. center, and a PET center. The mobile, shared-service systems include two SPECT SPECT single-photon emission computed tomography. SPECT abbr. single photon emission computed tomography SPECT, n See single photon emission computer tomography. systems and a bone densitometry system. Combined, these acquisitions are expected to annually contribute approximately $8 million in revenues and approximately $3 million in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earnings before interest, taxes, depreciation, and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. ). Richard N. Zehner, chairman and chief executive officer, stated, "We are very pleased to announce the acquisitions of high-quality providers of diagnostic imaging services in Northwest Indiana which increases our presence in the free-standing diagnostic imaging market." For more information about Alliance Imaging, interested parties are encouraged to review the company's recent filings with the Securities and Exchange Commission, including Form 10-Q as of March 31, 2002, Form 10-K as of Dec. 31, 2001 and Form S-1 as of July 26, 2001. These filings, which are available at www.allianceimaging.com, include discussions of risk factors, historical results of operations, and the company's financial position. Alliance Imaging is a leading national provider of outsourced diagnostic imaging services. Alliance provides imaging and therapeutic services, primarily to hospitals and other health care providers on a mobile, shared-service basis. The company had 436 diagnostic imaging and therapeutic systems, including 348 MRI systems, and 1,318 clients in 42 states at March 31, 2002. |
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