Anaheim-based Alliance Imaging Inc., a provider of medical scanning services to hospitals and doctors offices, last week said it is paying $36 million for eight cancer treatment centers.
Alliance is buying the centers, in the South and Central part of the country, from Bethesda Resources Inc., a unit of New York’s Sonix Medical Resources Inc. The company is taking on some Bethesda debt as part of the deal.
It expects the centers to generate about $14 million a year in revenue.
Alliance is projected to have sales of $445 million this year.
The move expands Alliance’s business providing radiation treatments.
The bulk of the company’s revenue comes from scanning centers for hospitals,
doctors’ offices and universities, as well as trucks offering medical scanning services that visit hospitals and other healthcare providers.
The company has been looking to its Alliance Oncol-ogy unit to spur growth.
Alliance’s core scanning diagnostic business is under pressure as hospitals take over scanning services themselves and from falling government reimbursement for Alliance’s services.
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Edwards Lifesciences Paying $27M for Devices From Johnson & Johnson’s Ethicon Division
Irvine-based heart valve maker Edwards Lifesciences Corp. is paying $27 million for heart surgery products from Johnson & Johnson’s Ethicon unit.
The company, the leading maker of heart valves, is buying catheters, retractors and other devices from Ethicon.
The products allow surgeons to perform heart valve operations through small openings in the spaces between the ribs, rather than opening a patient’s chest. They’re expected to generate sales of $20 million in 2008.
Wall Street expects sales of $1.15 billion for Edwards next year.
The company sees the buy adding to profits after 2008. The deal is set to close by the end of the year.
