News | September 21, 2009

Medical Imaging Holdings Acquires Barrington Medical Imaging, Echoserve

September 21, 2009 - Medical Imaging Holdings, Inc., a holding company formed by Galen Partners, today announced it has acquired the businesses of Barrington Medical Imaging, LLC and Echoserve, Inc.

The two companies will be combined to create a nationwide, independent service provider for medical imaging equipment across multiple modalities and vendor platforms. The combined company will provide comprehensive imaging solutions to the medical
imaging market, including field service, depot repair, parts and proprietary equipment sales, and the sales and installation of refurbished capital equipment. Senior management of Barrington Medical Imaging and Echoserve will remain an integral part of the combined company’s leadership team.

Galen Partners, a leading healthcare private equity firm, formed Medical Imaging Holdings, Inc. in conjunction with Jeff Soinski, a Galen special venture partner and past CEO of one of Galen’s portfolio companies, to build a technology-enabled service platform in the medical imaging market. Galen led the transactions and made a significant investment of growth capital into Medical Imaging Holdings, Inc.

Barrington Medical Imaging and Echoserve will continue to conduct business under their existing names and maintain operations at their current facilities during the integration process. It is anticipated that a new name for the combined company will be introduced later this year.

For more information: www.echoserve.com and www.galen.com

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