Alliance HealthCare Services Inc., an Irvine-based provider of oncology and radiology services, said today it is being acquired for $820 million by Akumin Inc. (Nasdaq: AKU).
Akumin is a Plantation, Fla.-based provider of freestanding outpatient radiology services.
The combined company is expected to have pro forma revenue in excess of $730 million and pro forma adjusted EBITDA in excess of $210 million, based on the last twelve months ended March 31, 2021.
Upon the closing of the deal in the third quarter, the combined company will offer radiology and oncology services to patients in in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology centers and 34 radiation therapy centers.
It expects to have over 4,000 team members serving more than two million radiology and oncology patient visits annually.
For more on the deal, see the July 5 print edition of the Business Journal.