InSight Health to use credit facility to help fund acquisition

New York, Feb. 13 - InSight Health Services Holdings Corp. said it will use credit facility borrowings and additional debt financing to fund the acquisition of Comprehensive Medical Imaging Inc. from Cardinal Health Inc. and future capital expenditures related to the purchase.

InSight is paying $48.3 million for the 22 diagnostic imaging centers in California, Arizona, Texas, Kansas, Pennsylvania and Virginia, made up of $35.6 million to be paid to Cardinal and $12.7 million for the payment of debt and transaction costs.

InSight is a Lake Forest, Calif. provider of diagnostic imaging services.

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