Diagnostic Imaging International has entered into an agreement to purchase a MRI clinic, located in the greater Philadelphia, US, for $1,950,000.
Upon meeting certain post-closing revenue targets, the company will make a possible earn-out payment of up to $200,000.
The transaction is subject to satisfactory completion of the company’s due diligence review of the clinic, the continued regulatory compliance of the Clinic and the completion of a financial audit of the Clinic.
Diagnostic Imaging deal with MRI clinic is expected to close by 15 October 2012.
In addition, the acquisition of the Clinic may be abandoned by the company at any time, in its sole discretion.