Alliance Imaging Says Federal Trade Commission Concludes Review of American Shared Purchase.ANAHEIM, Calif.--(BUSINESS WIRE)--Nov. 4, 1998--Alliance Imaging Inc. the nation's largest provider of hospital-based fixed site and mobile magnetic resonance imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ) and computed tomography Computed tomography (CT scan) X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. (CT) services, announced that the Federal Trade Commission (FTC FTC See Federal Trade Commission (FTC). ) has concluded its review regarding Alliance Imaging's purchase of the medical diagnostic imaging business of American Shared Hospital Services. No changes in the terms of the transaction resulted from the review. The sale was announced on March 12, 1998. The purchase price includes approximately $13.6 million in cash, and the assumption of liabilities associates with American Shared's diagnostic imaging business, including approximately $23 million of debt as of June 30, 1998. The sale now is subject to the approval of a majority of the shareholders of American Shared. American Shared has scheduled a special meeting of shareholders to be held on Nov. 13, 1998, to consider approval of the sale. The sale is expected to close promptly after the Nov. 13 shareholder meeting. Alliance Imaging, an affiliate of Apollo Management Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the of the United States. L.P., is a leading provider of comprehensive diagnostic imaging services to hospitals and other health care providers. Services are provided on either mobile, shared user basis or on a full-time single-user basis. |
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