COTG acquires Virginia imaging center

March 1, 1995

Consolidated Technology Group (COTG) reported last week that it has completed its acquisitionof the Magnetic Resonance Institute in Arlington, VA. COTG, ofNew York City, bought the center for $950,000 in cash. The purchasecompletes the company's goal of

Consolidated Technology Group (COTG) reported last week that it has completed its acquisitionof the Magnetic Resonance Institute in Arlington, VA. COTG, ofNew York City, bought the center for $950,000 in cash. The purchasecompletes the company's goal of acquiring nine MRI centers andone multimodality center from investors of International MagneticImaging (IMI), which founded and managed the centers (SCAN 10/26/94).All of IMI's centers in the U.S. involved some degree of referring-physicianownership. IMI, now owned by COTG, said it plans to upgrade thecenters by purchasing five InstaScan echo-planar imaging systemsfrom Advanced NMR Systems of Wilmington, MA.