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news.InSight Health Services Holdings, a provider of diagnostic imaging services, has signed a definitive agreement to acquire two imaging centers in the Boston-metropolitan area from subsidiaries of Medical Resources for approximately $8.1 million in cash.
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The two centers generate approximately $5.6 million in annual revenues. One center is exclusively magnetic resonance imaging (MRI) while the other is a multi-modality facility. The acquisition is expected to close in April 2009.
Kip Hallman, president and CEO of InSight, said: “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.”