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|Articles|October 11, 2000

Syncor finalizes imaging center acquisitions

Comprehensive Medical Imaging (CMI), a wholly owned subsidiary of radiopharmaceutical firm Syncor, has completed its acquisition of 13 imaging centers from U.S. Diagnostic, which is getting out of the imaging center business (SCAN,

Comprehensive Medical Imaging (CMI), a wholly owned subsidiary of radiopharmaceutical firm Syncor, has completed its acquisition of 13 imaging centers from U.S. Diagnostic, which is getting out of the imaging center business (SCAN, 8/16/00).

Syncor said in a statement that the acquisition goes along with its strategy of regional concentration.

CMI paid about $31 million in cash for the 13 centers and assumed around $1.3 million in debt, which is expected to be accretive for year 2000 earnings.

Other than the CMI activity, Syncor is a provider of nuclear pharmacy services and radiopharmaceuticals. The company owns two PET radiopharmaceutical production facilities.

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