A Diagnostics & Imaging Week
Alliance Imaging (Newport Beach, California), a national provider of outpatient diagnostic imaging services and radiation therapy services, reported that it has acquired Shared P.E.T. Imaging (SPI; Canton, Ohio), a mobile and fixed-site provider of positron emission tomography/computed tomography (PET/CT). The total purchase price is expected to total about $43 million in cash and assumed indebtedness.
"Alliance believes that the expansion of PET/CT's critical role in cancer detection and related treatment planning will result in continued overall growth in patient procedures. As part of our plan to expand Alliance's strategic position as a national leader in PET/CT services, we are pleased to be able to move forward and combine our respective organizations in the Midwest, Southeast and Northeast United States," said Paul Viviano, chairman/CEO.
SPI currently generates about $29 million of annual revenue and serves about 90 clients in 13 states, including Ohio, Michigan, Indiana, Illinois, Florida, Pennsylvania, New York, Tennessee and South Carolina.