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Envision Healthcare to purchase Imaging Advantage for undisclosed fee.

M2 PHARMA-March 8, 2017-Envision Healthcare to purchase Imaging Advantage for undisclosed fee

(C)2017 M2 COMMUNICATIONS

Ambulatory surgery company Envision Healthcare Corporation (NYSE:EVHC) reported on Tuesday the launch of a definitive agreement to acquire Imaging Advantage LLC for an undisclosed amount.

This acquisition will expand Envision's presence in radiology physician services across the US.

Imaging Advantage LLC is a provider of comprehensive radiology services including hospital-based, outpatient and remote-reading services. It deploys an innovative and scalable cloud-based technology to optimise provider utilisation and efficiency of more than 400 radiologists who provide services across a clinical network that includes more than 435 healthcare facilities.

Following closing of the acquisition deal, Envision's Physician Services segment will include more than 800 board-certified/board-eligible radiologists who serve more than 500 healthcare facilities and perform more 10m studies annually.

The transaction is expected to be completed during the Q2 2017, subject to customary conditions, including the expiration or early termination of the waiting period applicable to the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

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Publication:M2 Pharma
Date:Mar 8, 2017
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