InSight withdraws IPO

The parent company of imaging services provider InSight Health Services, InSight Health Services Holdings, said it has filed an application with the Securities and Exchange Commission to withdraw its registration statement for a proposed initial public offering of income deposit securities, and a related public offering of senior subordinated notes.

In connection with the withdrawal, InSight Health Services Holdings said that the Newport Beach, CA-based imaging services provider would not be commencing a tender offer and consent solicitation for all of its outstanding $250 million aggregate principle amount of 9 7/8% senior subordinated notes due 2001.

InSight chairman, president, and CEO Michael Cannizzaro said the company elected to withdraw the registration statement due to current market conditions for public offerings.

By AuntMinnie.com staff writers
August 17, 2004

Related Reading

InSight shuffles executive lineup, August 11, 2004

InSight files for IPO of income deposit securities, June 24, 2004

InSight buys 21 imaging centers, April 6, 2004

Cardinal to sell more CMI centers to InSight, February 16, 2004

InSight completes purchase of CDL assets, August 4, 2003

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