Outpatient Imaging Affiliates News

Outpatient Imaging Affiliates, LLC announces completion of private round of equity

Outpatient Imaging Affiliates, LLC announces completion of private round of equity

Outpatient Imaging Affiliates, LLC (“OIA”) announced completion of a private round of equity financing with MedCare Investments, Ltd., a privately held venture capital fund, and other private investors.
Frank R. Kyle, President and Chief Executive Officer of OIA commented, “We now have the ability to fund our growth plans for development of imaging centers in partnership with local providers. The provision of radiology services, an $80 billion growth industry, is undergoing significant change, which has created a very positive dynamic for our company. Technological advances in equipment and radiology information systems, increasing patient preference for outpatient services combined with cost and service advantages inherent in outpatient facilities, have healthcare providers rethinking their radiology services strategy. Many providers are facing capital and management resources and are increasing seeking venture partners such as OIA to facilitate the funding, development and management of outpatient imaging services.”