Alliance Imaging buys Shared PET

AuntMinnie.com staff writers
Dec 17, 2008

Imaging services firm Alliance Imaging has acquired mobile and fixed-site PET/CT provider Shared PET Imaging (SPI).

Alliance will pay approximately $43 million in cash and assumed indebtedness for the Canton, OH-based company. SPI currently generates approximately $29 million in annual revenue and serves approximately 90 clients in 13 states, according to Alliance of Newport Beach, CA.

In other Alliance news, the company has reaffirmed its financial guidance for 2008. In addition, the company said it expects 2009 revenue will range from $536 million to $551 million, with adjusted earnings before interest, taxes, deprecation, and amortization (EBITDA) to range from $187 million to $202 million.

Related Reading

Alliance Imaging promotes Frisch, November 12, 2008

Alliance posts Q3 gains, November 4, 2008

Alliance grows Q2 sales, profit, August 5, 2008

Alliance buys mobile PET/CT firm, July 30, 2008

Revenue up, profit down in Alliance's Q1, May 5, 2008

Copyright © 2008 AuntMinnie.com

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