GE gets 21% stake in Alliance Imaging

April 2, 1997

Alliance Imaging of Orange, CA, reported last week that it has completed the final phase of its refinancing effort after GE Medical Systems of Milwaukee converted an $18 million bridge loan into preferred stock, giving GEMS a 21% stake in the mobile

Alliance Imaging of Orange, CA, reported last week that it has completed the final phase of its refinancing effort after GE Medical Systems of Milwaukee converted an $18 million bridge loan into preferred stock, giving GEMS a 21% stake in the mobile imaging provider. Alliance said that the conversion puts the company into a stronger financial position to make acquisitions and investments in new imaging systems.