Sagemark seeks to expand PET/CT market
Outpatient PET and PET/CT imaging center operator Sagemark Companies of New York City said that PET Management of Queens, the management arm of its Forest Hills, N.Y., PET/CT imaging center, has entered into an agreement with Queens Medical Imaging, an affiliate of Metropolitan Diagnostic Imaging Group. Sagemark said it believes the deal will provide for increased revenue to its Forest Hills facility.

Under the terms of the agreement, PET Management of Queens will continue to manage the day-to-day business functions and administration of the Forest Hills PET/CT imaging center. Queens Medical Imaging will provide PET/CT medical imaging services and assume medical oversight of the facility.

The agreement will become effective when the insurance credentialing process is complete, which Sagemark said is expected to occur within the next 60-90 days.

Ron Lipstein, Sagemark’s president and CEO, said the company is exploring opportunities with other individuals and entities to enter into additional strategic alliances and generate revenue growth at its other medical diagnostic imaging centers.