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news.Alliance Imaging, a provider of outpatient diagnostic imaging services and radiation therapy services, has acquired Shared PET Imaging, a mobile and fixed-site provider of positron emission tomography/computed tomography, based in Canton, Ohio.
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Shared PET Imaging (SPI) currently generates approximately $29 million of annual revenue and serves approximately 90 clients in thirteen states, including Ohio, Michigan, Indiana, Illinois, Florida, Pennsylvania, New York, Tennessee and South Carolina. The total purchase price is expected to total approximately $43 million in cash and assumed indebtedness.
Paul Viviano, CEO of Alliance Imaging, said: “As Alliance continues to execute on our disciplined acquisition plan, I am very pleased to announce the addition of SPI and its fine team of patient care professionals to our team. Alliance believes that the expansion of positron emission tomography/computed tomography’s (PET/CT) 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 US. With their reputation for superior client and patient satisfaction, we look forward to welcoming SPI and their impressive roster of clinical partners to the Alliance family.”