Dresner Partners Advises Medical Resources in its Sale to Multiple Buyers in Separate Transactions
|Monday, July 6, 2009|
FOR IMMEDIATE RELEASE
Prior to its sale, MRI was a leading provider of multi-modality outpatient imaging services in 10 states in the Northeast, Midwest and South. The company provided its imaging and associated services through freestanding facilities and (depending on the market) its services included Magnetic Resonance Imaging (MRI), Computed Tomography (CT), X-ray and Fluoroscopy, Ultrasound, Nuclear Medicine, Mammography, Stereotactic Needle Biopsy, Bone Densitometry and Positron Emission Tomography (PET). Despite a challenging regulatory environment for the diagnostic imaging sector, in particular the effects of the Deficit Reduction Act of 2005, as well as the general economic downturn, the company maintained a strong position in its markets. In a recent survey taken by Intelesys, a leader in patient satisfaction reporting, the company’s centers scored 98 percent for overall patient satisfaction.
John Valla, MRI’s President and Chief Executive Officer, commented, “The professionalism, skills and persistence that Dresner Partners contributed to the strategy and process were critical in closing this unique transaction.” John M. Codd, MRI’s Associate General Counsel, added, “Dresner Partners’ presence at the table was necessary in order to proceed with an orderly liquidation of the company at the highest possible value. They exceeded all expectations.”
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