• 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.

Related Videos
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?
Assessing the Impact of Radiology Workforce Shortages in Rural Communities
Emerging MRI and PET Research Reveals Link Between Visceral Abdominal Fat and Early Signs of Alzheimer’s Disease
Reimbursement Challenges in Radiology: An Interview with Richard Heller, MD
Nina Kottler, MD, MS
The Executive Order on AI: Promising Development for Radiology or ‘HIPAA for AI’?
Related Content
© 2024 MJH Life Sciences

All rights reserved.