California imaging services provider Primedex announced last month
that it is exploring new options for the company, including possible
partnerships or alliances.
The announcement came as no great surprise, given recent Primedex
history and the general popularity of mergers and acquisitions
in the imaging service sector. Primedex nearly acquired San Diego's
Medical Imaging Centers of America in July, only to lose out to
an 11th-hour bid by U.S. Diagnostic Labs. USDL has a deal pending
to acquire MICA's 17 centers for about $32 million (SCAN 7/31/96).
A merger in May with Diagnostic Imaging Services brought 10
Southern California imaging centers, 15 ultrasound labs, and 13
mobile ultrasound units into the Primedex fold. Before that deal,
Los Angeles-based Primedex operated 19 California imaging centers
through its RadNet subsidiary. Its Future Diagnostics subsidiary
arranges brokered imaging services for 180 imaging centers in
In a statement, Primedex president and CEO Dr. Howard Berger
said that his company's board of directors had determined that
the time is right to explore alternatives to enhance the company's
value and position. He declined to elaborate on the announcement
when contacted by SCAN.