September, 2017. Peakstone served as exclusive M&A advisor to LG Medical Technologies in connection with the company’s sale to Insight Imaging. Headquartered in East Dundee, IL, LG Medical Technologies rents diagnostic imaging equipment to a variety of hospitals, medical centers and healthcare facilities throughout the U.S. LG Medical Technologies offers a range of short-term, long-term and interim rental options for advanced magnetic resonance imaging (MRI) and computed tomography (CT) equipment.
Insight Imaging is an affiliate of Center for Diagnostic Imaging (CDI), one of the nation’s leading providers of high-quality diagnostic imaging and interventional radiology services through its network of centers and mobile imaging solutions. Insight Imaging provides advanced mobile diagnostic imaging services featuring comprehensive MRI, PET/CT and CT mobile solutions that meet the unique needs of hospitals, health care providers and communities across the U.S. and Canada.
“The combination of LG Medical Technologies and Insight Imaging brings many benefits to our existing customers and expands Insight Imaging’s national reach and capabilities,” said Jim Gallagher, President of LG Medical Technologies. “We celebrated the 10 year anniversary of our founding and believe that now is the right time to transition our ownership. Peakstone negotiated an optimal transaction with an established industry leader and was an invaluable partner throughout the entire sale process.”
Ken Lancaster, CFO of LG Medical Technologies, added “Peakstone’s unwavering commitment to achieving our objectives was essential to completing this transaction. Their team did an outstanding job managing a comprehensive sale process and guiding all parties to a successful close.”
Terms of the transaction were not disclosed.
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The Peakstone Group is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.