SMT agrees to acquisition

July 9, 1997

Mobile imaging services provider SMT Health Services of Pittsburgh has agreed to be acquired by an investment group for $100 million in cash and assumption of debt. Three Rivers Acquisition, an affiliate of Apollo Management, will acquire all of SMT's

Mobile imaging services provider SMT Health Services of Pittsburgh has agreed to be acquired by an investment group for $100 million in cash and assumption of debt. Three Rivers Acquisition, an affiliate of Apollo Management, will acquire all of SMT's outstanding shares for $11.75 a share. SMT said Three Rivers intends to keep the company's senior management, including chairman, president, and CEO Jeff Bergman. SMT declined to comment further on the acquisition.