Alliance Imaging seeks acquisitions to expand client base; contracts with two Missouri hospitals.ORANGE, Calif.--(BUSINESS WIRE)--Oct. 12, 1995--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), 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, Thursday announced long-term MRI services contracts with two Missouri hospitals. The company has taken delivery of a new General Electric 1.0 Tesla Signa MRI scanner, the eighth MRI unit acquired to date in 1995, to service the Missouri clients and plans to purchase additional state-of-the-art MRI units as its client base continues to grow. According to 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 company "is close to finalizing agreements with several other new clients and is reviewing several potential acquisition candidates to provide increased growth. "With a cash balance in excess of $10 million, we're actively seeking and evaluating corporate acquisitions to generate higher profitability and revenues from greater market share and economies of scale in the regions we now serve." The Missouri contracts call for Alliance to provide MRI scanning services to Branson-based Skaggs Memorial Hospital and Lake of the Ozarks The Lake of the Ozarks is a large man-made reservoir created by impounding the Osage River in central Missouri in the northern part of the Ozarks. In addition, three smaller tributaries of the Osage which were also impounded include the Niangua River, the Grandglaize Creek, and Hospital in Osage Beach. Services are slated to begin later this month. Zehner commented, "We're pleased to have been selected as a new provider by Skaggs Memorial Hospital to initiate and develop MRI services for the fast-growing Branson community. "Our strong working relationship with Lake of the Ozarks Hospital is now in its fifth year," he added. Alliance Imaging Inc. provides its nationwide services both on a mobile, shared user basis and a full-time basis at single hospital sites. The company currently operates 74 MRI and 10 CT units. CONTACT: South Coast Communications Marty Tullio (investors), 714/252-8440 Owen Daley (media), 714/252-8440 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion