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    Home»Acquisitions»Akumin Announces Agreement To Acquire Alliance HealthCare Services
    Acquisitions

    Akumin Announces Agreement To Acquire Alliance HealthCare Services

    June 25, 20211 Min Read
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    Akumin Inc. (NASDAQ: AKU) (TSX: AKU) (Akumin), a premier provider of freestanding outpatient radiology services in the U.S., announced today that it has entered into an agreement to acquire Alliance HealthCare Services, Inc. (Alliance), a leading national provider of radiology and oncology solutions to hospitals, health systems and physician groups.

    The transaction, which has an enterprise value of US$820 million, is expected to close in the third quarter of 2021 subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The combined company is expected to have pro forma revenue in excess of US$730 million and pro forma adjusted EBITDA in excess of US$210 million, including expected cost synergies, based on the last twelve months ended March 31, 2021.

    Upon the closing of the transaction (the “Closing“), the combined company will offer the most comprehensive radiology and oncology solutions to patients in the U.S., operating in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology centers and 34 radiation therapy centers. The combined company expects to have over 4,000 team members serving more than two million radiology and oncology patient visits annually.

    Read more/Source: Cision

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