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PRIME MEDICAL SERVICES, INC. ANNOUNCES THE ACQUISITION OF TOWER DIAGNOSTIC CENTER

PRIME MEDICAL SERVICES, INC. ANNOUNCES THE ACQUISITION OF TOWER
 DIAGNOSTIC CENTER
 AUSTIN, Texas, Feb. 18 /PRNewswire/ -- Prime Medical Services, Inc. (NASDAQ: PMSI) ("Prime") announced today that it's Prime Diagnostic Corp. of Florida Division has acquired Tower Diagnostic Center in Tampa, Fla. Prime previously owned 50 percent of the center and physician investors owned 50 percent.
 Jackie Majors, president of Prime, said, "The new safe harbor regulations concerning physician ownership of medical facilities have placed Prime in an ideal position to acquire the imaging centers it currently manages, as well as additional centers. The acquisition of Tower is a first and very significant step in the ongoing growth of Prime. In conjunction with this acquisition, we are in the process of structuring a joint venture to obtain a fixed site MRI (magnetic resonance imaging) system at the Tower center. The ability to provide MRI services on site should attract more physician referrals for both MRI and all related procedures."
 Prime Medical Services, Inc. is engaged in providing non-medical management services to cardiac rehabilitation clinics and diagnostic imaging centers located in 13 states.
 -0- 2/18/92
 /CONTACT: Jackie Majors, president, or Cheryl McLeod, chief financial officer, of Prime Medical Services, 512-328-2892/
 (PMSI) CO: Prime Medical Services Inc. ST: Texas IN: HEA SU: TNM AH -- NY050 -- 9895 02/18/92 11:38 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 18, 1992
Words:221
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