Yesterday after the closing bell, InSight Health Services announced that it has entered into a definitive agreement for the acquisition of two imaging centers in the Boston-metropolitan area for approx. $8.1 million in cash. Together, these centers generate approximately $5.6 million in yearly revenues. The acquisition is anticipated to close next month.
Kip Hallman, InSight’s President and CEO, commented, “This acquisition is consistent with our strategy of making targeted investments in strategic markets, and to be strongly aligned with quality, subspecialty radiology groups. These centers complement our New England regional presence, which stretches from Maine to Connecticut, and we are pleased that we were able to acquire the facilities at an attractive price. I am very excited to welcome the New England Baptist Radiology physicians and the talented center managers and staff to the InSight team.”
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment