LAKE FOREST, Calif.--(BUSINESS WIRE)--InSight Health Services Holdings Corp. (“Insight Imaging”) (OTCBB:ISGT) today announced that it had signed a definitive agreement to acquire eight imaging centers in the Phoenix, Arizona, El Paso, Texas, and Las Cruces, New Mexico areas from subsidiaries of MedQuest, Inc. and Novant Health, Inc., for a total purchase price of approximately $8.5 million. The centers generated approximately $18.7 million in net revenues in 2009. In a separate transaction, Insight Imaging has agreed to sell mobile imaging assets in North Carolina for approximately $9.2 million to an affiliate of MedQuest and Novant. The mobile imaging assets generated approximately $3.3 million in net revenues in 2009. Insight Imaging expects the transactions, which are expected to close in July 2010, to be accretive to adjusted EBITDA after reflecting anticipated operating synergies.
