MRI MEDICAL DIAGNOSTICS ANNOUNCES EXECUTION OF FINAL PURCHASE AGREEMENT AND THE CLOSING OF A MAJOR IMAGING CENTER
MRI MEDICAL DIAGNOSTICS ANNOUNCES EXECUTION OF FINAL PURCHASE
AGREEMENT AND THE CLOSING OF A MAJOR IMAGING CENTER
SAN DIEGO, June 18 /PRNewswire/ -- MRI Medical Diagnostics Inc. (NASDAQ: MRMD) announced today that it has executed the final agreement and closed the purchase of the Sierra Cardiac Imaging Center, an operating nuclear medicine imaging facility located at 408 Sunrise Ave., Suite 8, in Roseville, Calif. Management has also concluded a multiyear contract with Robert F. Carretta, M.D., a distinguished nuclear medicine physician, to manage the center on a day-to-day basis.
The center has been in operation since March of 1991 and has annualized revenues of approximately $1,000,000 and a net income of $250,000. Management believes by implementing proven marketing and operational methods it can significantly improve the net income to MRI MD in fiscal 1993.
MRI Medical Diagnostics Inc. develops, finances, owns and operates outpatient healthcare facilities specializing in state-of- the-art magnetic resonance imaging centers.
/CONTACT: Arthur E. Quillo, president of MRI Medical Diagnostics, 619-296-5090/
(MRMD) CO: MRI Medical Diagnostics Inc.; Sierra Cardiac Imaging Center ST: California IN: MTC SU: TNM CH-JL -- SD001 -- 1356 06/18/92 08:34 EDT