Alliance Imaging acquires mobile MRI business from Pacific Medical Imaging Inc.ORANGE, Calif.--(BUSINESS WIRE)--May 8, 1997--Alliance Imaging Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SCAN), a leading, nationwide provider of outsourced radiology services and high technology diagnostic imaging systems, announced Thursday that it has acquired the 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. ) services division of Pacific Medical Imaging Inc., a Buena Park Buena Park (bwā`nə), city (1990 pop. 68,784), Orange co., S Calif.; inc. 1953. Food processing, the manufacture of aircraft, and tourism are important to the city's economy. , Calif.-based provider of nuclear medicine and other outsourced health care services. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Alliance chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Richard N. Zehner, the acquisition will add several new shared service customers located in southern and central California. Although terms of the all-cash transaction were not disclosed, the acquisition is expected to make an immediate positive contribution to Alliance's earnings. Zehner commented, "Although the Pacific Medical Imaging acquisition is comparatively small, it is important to note that this acquisition will increase the productivity of our existing MRI systems in California." He continued, "This strategic acquisition furthers our objective of acquiring regional diagnostic imaging service providers that furnish synergistic, cost effective services while generating increased revenues and economies of scale for Alliance in regions currently served." Pacific Medical Imaging operated two mobile MRI systems and intends to exit the mobile MRI business as a result of the sale to Alliance. Alliance Imaging is a leading, nationwide provider of outsourced radiology services and high technology diagnostic imaging systems, as well as related management and information services See Information Systems. , to hospitals and other health care providers. For more information about Alliance Imaging via facsimile simply call 800-PRO-INFO and dial client code "SCAN". If calling from outside the United States, dial 908/544-2850. CONTACT: Alliance Imaging Inc. Terrence M. White, 714/921-5656 www.allianceimaging.com or The Financial Relations Board Karen Taylor - general information Moira Conlon - analyst contact Steve Seiler - media contact 310/442-0599 |
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