Quantum Imaging founder starts new service firm

April 24, 1991

Paul M. Stanley, former president and CEO of Quantum Imaging,has launched a new medical imaging services firm. Stanley's new company, Genesis Health Care Management of Tampa,will help develop imaging centers, establish joint ventures withhospitals and

Paul M. Stanley, former president and CEO of Quantum Imaging,has launched a new medical imaging services firm.

Stanley's new company, Genesis Health Care Management of Tampa,will help develop imaging centers, establish joint ventures withhospitals and physician groups, and provide fee-per-scan imagingservices. The firm will focus on magnetic resonance imaging services,with a special emphasis on GE equipment, Stanley said.

Genesis' activity will not be limited to MRI, however. Thefirm will provide radiation therapy, along with a full range ofimaging services, including cardiac catheterization and computedtomography scanning, he said.

Quantum Imaging, a provider of mobile and fee-per-scan imagingservices in Florida and other southeast states, was purchaseda year ago by Medical Imaging Centers of America. MICA is a SanDiego imaging center and shared service firm (SCAN 12/13/89).

Quantum had success working with GE equipment, and Stanleyhopes to continue this relationship with his new firm. Genesiswill, however, purchase equipment from other vendors as well,he said.

"The alliances and relationships that helped build Quantum--andpromote General Electric products through Quantum--are stayingin place with Genesis. If you have a good relationship, why reinventthe wheel?" he said.

GE would not comment on its relationship, if any, with Stanley.

Stanley worked with MICA for the first year to assist withthe integration of the two imaging service activities. Becauseof a non-compete contractual obligation to MICA, the imaging executiveand his firm may not pursue business in eight southeast states,including Florida, he said.

Genesis Healthcare Management is distinct from another companycalled Genesis, which Stanley formed immediately after the MICAacquisition. The first Genesis company was set up to assume themanaging partner position in a former Quantum MRI center. Contractualcovenants proscribed MICA from operating that center, Stanleysaid.

The center at Winter Park Memorial Hospital in Winter Park,FL, runs a GE Signa high-field MRI unit. A second center, alsoin partnership with the Winter Park Memorial Hospital Association,is planned. This center will house another GE Signa, as well asa CT scanner, he said.