Fountain Valley-based MemorialCare Health System said its MemorialCare Medical Foundation is now the sole owner of eight imaging centers in Orange County and Long Beach (see related story on page 4). A purchase price was not given.
MemorialCare Medical Foundation is MemorialCare’s doctors’ group division. MemorialCare said the foundation acquired the 49% of Wave Imaging LLC that it did not own from its previous partners, which were undisclosed. Wave Imaging operates MemorialCare Imaging centers in Huntington Beach, Newport Beach, Irvine, Laguna Niguel and Long Beach.
Wave is also acquiring assets of three imaging centers owned by Newport Beach-based Strategic Medical in Newport Beach, Laguna Hills and Long Beach, and will be rebranded as MemorialCare Imaging. Wave entered into a management deal with Strategic to operate and manage all eight Wave centers.
