InSight Health Services withdraws SEC registration for $675 million IDS deal

By Paul A. Harris

St. Louis, Aug. 13 - InSight Health Services Holdings Corp. withdrew its registration statement filed on June 23 in connection with its proposed initial public offering of Income Deposit Securities and a related public offering of senior subordinated notes, according to a company news release.

"InSight elected to withdraw its registration statement due to current market conditions for public offerings," chairman, president and chief executive officer Michael N. Cannizzaro said in the release.

In addition, InSight subsidiary InSight Health Services Corp. will not commence the tender offer and consent solicitation for all of its outstanding $250 million of 9 7/8% senior subordinated notes due 2011 that was described in the registration statement, the release said.

InSight is a Lake Forest, Calif.-based provider of diagnostic imaging and information, treatment and related management services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.