December 28, 2007 – CML HealthCare Income Fund has entered into a definitive agreement to acquire American Radiology Services Inc. (ARS), a provider of fully integrated diagnostic medical imaging services based in Baltimore, MD.
ARS, in conjunction with The Johns Hopkins University and The Johns Hopkins Health System Corporation is one of the largest providers of medical imaging services in the U.S. by volume, performing approximately 2.2 million medical imaging scans per year.
ARS operates 15 fixed-site multimodality and two single-modality outpatient centers in Maryland and Delaware and provides radiologist coverage to 11 hospitals in Maryland. Through its operating division, American Radiology Solutions, ARS also provides primary or secondary reading services via its teleradiology network to 25 hospitals across seven states in the U.S.
For more information: www.cmlhealthcare.com and www.americanradiology.com
