Yesterday after the closing bell, InSight Health Services announced that it has entered into a definitive agreement for the acquisition of two imaging centers in the Boston-metropolitan area for approx. $8.1 million in cash. Together, these centers generate approximately $5.6 million in yearly revenues. The acquisition is anticipated to close next month.
Kip Hallman, InSightâ€™s President and CEO, commented, â€œThis 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. I am very excited to welcome the New England Baptist Radiology physicians and the talented center managers and staff to the InSight team.â€