USDL to buy stakes in center firms

February 28, 1996

Imaging services firm US Diagnostic Labs has signed agreementsto buy controlling interests in two center companies, one a multimodalityimaging center and the other a radiation therapy company. USDL of West Palm Beach, FL, announced this month that it

Imaging services firm US Diagnostic Labs has signed agreementsto buy controlling interests in two center companies, one a multimodalityimaging center and the other a radiation therapy company.

USDL of West Palm Beach, FL, announced this month that it intendsto purchase an 80% stake in Charleston Diagnostic Imaging of Charleston,SC. The center has revenues of $3.6 million and net income ofover $800,000 annually.

In addition, USDL agreed to buy a 50.1% interest in RadiationOncology Centers for $2.6 million. ROC operates three radiationtherapy centers in Northern California. USDL, which manages 15wholly owned or majority-owned centers, said that it intends toexpand into oncology practice management.