Alliance acquires mobile PET/CT provider for $20M
Alliance Imaging, a provider of outpatient diagnostic imaging services and radiation therapy services, has acquired Medical Outsourcing Services (MOS), a mobile provider of PET/CT, based in Naperville, Ill.
“As PET/CT's clinical indications continue to expand (including those currently covered under the National Oncologic PET Registry (NOPR)) and it becomes a critical clinical tool in cancer detection and related treatment staging, we believe there will continue to be strong, overall volume growth in PET/CT,” said Paul S. Viviano, Alliance’s chairman of the board and CEO.
Viviano said that the integration of their respective PET/CT operations in the Midwest and Northeast United States will help grow their business.
MOS serves approximately 90 clients in nine states, including Illinois, Indiana, Iowa, Michigan, Missouri, New Jersey, Ohio, Pennsylvania and Wisconsin. The total purchase price is expected to total approximately $20 million in cash and assumed indebtedness, according to the Newport Beach, Calif.-based Alliance.
“As PET/CT's clinical indications continue to expand (including those currently covered under the National Oncologic PET Registry (NOPR)) and it becomes a critical clinical tool in cancer detection and related treatment staging, we believe there will continue to be strong, overall volume growth in PET/CT,” said Paul S. Viviano, Alliance’s chairman of the board and CEO.
Viviano said that the integration of their respective PET/CT operations in the Midwest and Northeast United States will help grow their business.
MOS serves approximately 90 clients in nine states, including Illinois, Indiana, Iowa, Michigan, Missouri, New Jersey, Ohio, Pennsylvania and Wisconsin. The total purchase price is expected to total approximately $20 million in cash and assumed indebtedness, according to the Newport Beach, Calif.-based Alliance.