• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

Apollo closes Alliance acquisition

Article

Investment group Apollo Management completed its acquisition of imaging services company Alliance Imaging last month after Alliance shareholders voted on Dec. 17 in favor of the agreement (SCAN 8/6/97). Apollo now owns both Alliance and

Investment group Apollo Management completed its acquisition of imaging services company Alliance Imaging last month after Alliance shareholders voted on Dec. 17 in favor of the agreement (SCAN 8/6/97). Apollo now owns both Alliance and Pittsburgh-based imaging services firm SMT Health Services, which Apollo bought last year.

Apollo will continue to run both Alliance and SMT as separate companies for the foreseeable future, according to an Alliance spokesperson. One reason for keeping the firms separate is that Alliance enjoys a favorable tax bracket as a result of its recapitalization plan, which was completed as part of the acquisition. If Alliance were merged with SMT, the Securities and Exchange Commission has said the company would lose that favorable tax treatment, the spokesperson said.

Recent Videos
Emerging Research at SNMMI Examines 18F-flotufolastat in Managing Primary and Recurrent Prostate Cancer
Could Pluvicto Have a Role in Taxane-Naïve mCRPC?: An Interview with Oliver Sartor, MD
New SNMMI President Cathy Cutler, PhD, Discusses Current Challenges and Goals for Nuclear Medicine
Where the USPSTF Breast Cancer Screening Recommendations Fall Short: An Interview with Stacy Smith-Foley, MD
A Closer Look at MRI-Guided Transurethral Ultrasound Ablation for Intermediate Risk Prostate Cancer
Improving the Quality of Breast MRI Acquisition and Processing
Can Fiber Optic RealShape (FORS) Technology Provide a Viable Alternative to X-Rays for Aortic Procedures?
Does Initial CCTA Provide the Best Assessment of Stable Chest Pain?
Making the Case for Intravascular Ultrasound Use in Peripheral Vascular Interventions
Can Diffusion Microstructural Imaging Provide Insights into Long Covid Beyond Conventional MRI?
Related Content
© 2024 MJH Life Sciences

All rights reserved.