InSight Health inks $6.6 million deal to sell four imaging centers

By Caroline Salls

Pittsburgh, Jan. 14 - InSight Health Services Holdings Corp. requested court approval of the $6.6 million sale of its interests in four northern California imaging centers to SimonMed Imaging, Inc., according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The centers being sold include three imaging centers that are wholly owned by InSight Health and its 70% limited liability company membership interests in another imaging center.

According to the motion, the profitability of the northern California centers is declining, and the costs needed to maintain the centers was hurting InSight's liquidity.

The company said SimonMed's offer allows it to keep roughly $1 million of accounts receivable owed for services provided at the centers before the sale closing.

A hearing is scheduled for Feb. 2.

InSight, a Lake Forest, Calif., provider of diagnostic imaging services, filed for bankruptcy on Dec. 10. The Chapter 11 case number is 10-16564.

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