Soteria Imaging Services, Louisville, Ky., recently completed the sale of two of its imaging facilities, with Plattsburgh, N.Y.-based CPVH Medical Center acquiring Champlain Valley Open MRI, also located in Plattsburgh; and Center For Diagnostic Imaging (CDI), Burnsville, Minn., acquiring Open MRI of Lafayette, Lafayette, Ind.
Stephens Mundy, president and CEO of CVPH Medical Center, says the acquisition of Champlain Valley Open MRI affords the hospital a key advantage in immediate electronic access to images by local physicians. All digital images will then become a part of patients’ medical records.
In order for the transaction to be completed, CVPH, as a not-for-profit hospital, was required to file and be granted a certificate of need by the New York State Department of Health. The Department of Health approved the purchase pending repair work to the facility and a name change to CVPH Open MRI. Open MRI of Lafayette has also changed its name to reflect its affiliation and is now known as CDI Open MRI of Lafayette.
Founded in 1992, Soteria Imaging Services positions itself as a national leader in outpatient medical imaging, with more than 20 facilities in 10 states from New York to Nebraska. The company has developed, operated, merged, and sold medical imaging centers while participating in joint ventures with hospitals and physician practices. River Corporate Advisors, LLC, an affiliate of CMA Partners, LLC of New York City, N.Y., consulted with Soteria on the sale of both Champlain Valley Open MRI and Open MRI of Lafayette.
