Keystone Business Advisors Facilitates Alinea Medical Imaging Acquisitions
FOR IMMEDIATE RELEASE
(Los Angeles, CA) – Keystone Business Advisors recently announced that Alinea Medical Imaging, California-based medical imaging, and mobile mammography services company, retained Dave Richards, a Business Broker, of Keystone Business Advisors to represent them in simultaneous acquisition of Inner Images Services, Inc. and Mobile Mammography Screening, Inc. making the company the clear market leader for mobile digital mammography services in California. Inner Images Services, Inc. provides on-site digital mobile mammography services to over 80 community-based health centers throughout the state. The company is a preferred provider in most health networks including government-funded programs such as Every Women Counts. The acquisition of the collective companies increases Alinea’s mobile breast cancer screening fleet to
a total of 18 vehicles; 12 Portable Mammography units and 6 Mammography Coaches, making the company the largest on the West Coast and second largest in the nation. This strategic purchase will greatly contribute to Alinea’s pursuit of expanding breast cancer screening services to new geographic areas across California’s counties.
“The Inner Images and Mobile Mammography teams are passionate about the same thing we are – offering convenient breast cancer screening to women in their communities and eliminating barriers to healthcare,” stated Amee Laxpati, COO of Alinea. “By combining the teams that have pursued a mission to offer affordable access regardless of socio-economic status of patients, we can now bring access to screenings to new counties and communities in California.”
“The healthcare industry is moving towards a value-based model and offering mobile mammography services to community health centers, employer groups, health fairs and is not only best for early detection for women but for the health plans needing to offer preventive care in order to save on growing costs of treatment during later stages of cancer,” stated Dr Monish Laxpati, CEO and Medical Director of Alinea.
“While Alinea Medical Imaging has been growing at an impressive rate organically, the acquisition of Inner Images and Mobile Mammography enabled the company to immediately expand its reach geographically to service all of Southern California as well as result in some meaningful cost synergies due to efficiencies in the new combined company,” said Dave Richards, Business Broker and President of Keystone Business Advisors.
“As busy entrepreneurs trying to run our growing practice, we quickly realized that we did not have the bandwidth to complete the acquisition on our own. Having Dave Richards by our side proved to be invaluable. Dave’s keen eye for detail, tremendous experience, and methodical approach were crucial in keeping things moving along and reaching a successful deal, ” said Amee Laxpati.
“Facilitating the sale and acquisition of one company always comes with its own set of unique challenges and circumstances, but coordinating two parallel transactions to occur on the same closing date adds an extra layer of complexity. After negotiating the price and deal terms, we were able to get everyone on the same page by providing a clear timeline and assisting the parties to adhere to the agreed upon milestones as well as keep the parties and their advisers accountable were some key components to getting the transaction done. The principals of Alinea, Monish Laxpati, M.D, and Amee Laxpati, were instrumental in crafting and executing a transition plan which minimized uncertainty for employees as well as provide continuity for the customer base,” said Richards, Business Broker Los Angeles.
About Alinea Medical Imaging:
Since 2013, Alinea Medical Imaging has provided state of the art diagnostic imaging at two facilities, in LA and Orange Counties. Alinea’s focus is to break barriers to healthcare by bringing the convenience of radiology services directly to patients. Alinea brings onsite Breast Cancer screening to women in their communities throughout the state of California, with staff driving to corners and pockets of urban and rural areas of the state to provide convenient mammograms to women regardless of their socioeconomic status and resources. Alinea’s staff are bilingual English and Spanish, and work with partners in different neighborhoods to provide language assistance to communities.
About Keystone Business Advisors:
Keystone Business Advisors is a full-service business brokerage and acquisitions advisory firm. Keystone specializes in representing owners with small to medium-sized businesses with annual revenues up to $50 million. The company has experience in most industries, including manufacturing, wholesale/distribution, service, internet-related, software, contractor-related, professional practices, and healthcare.
Media Contact:
Dave Richards, CBI, CBB, MBA
Westlake Village, California
Telephone: (805) 370-5210
Email: dave@keystonebusinessadvisors.com
Website:keystonebusinessadvisors.com
