Navigation Links
OMI Medical Imaging, Inc. and Affiliated Companies File Chapter 11 Reorganization
Date:1/16/2008

WESTON, Fla., Jan. 16 /PRNewswire/ -- OMI Medical Imaging, Inc. (OMI), announced today that it and certain affiliated companies filed for Chapter 11 protection with the U.S. Bankruptcy Court for the Southern District of Florida on January 15, 2008.

Since the Deficit Reduction Act reimbursement cuts took effect on January 1, 2007, the company has been unable to meet certain financial obligations to its secured lenders.

OMI operates 21 free standing imaging centers, providing MRI and CT procedures. The centers are primarily located in Dade, Broward and Palm Beach counties.

During the bankruptcy proceedings, OMI will maintain normal business operations for their referring physicians, patients and employees. The company will continue to focus its efforts on providing quality service to its patients.

Chief Executive Officer Nelson Acosta stated, "We are very optimistic about the future of our business. The Chapter 11 filing will allow us to reorganize and restructure our operations so that we can fine tune our business and focus on providing the best possible service to our referring physicians and their patients. This is a very positive step to ensure the future viability of our company in a very challenging time for the medical imaging industry."

OMI has retained the services of GlassRatner Advisory & Capital Group, LLC to assist in restructuring its operations during the Chapter 11 proceeding. Thomas Santoro, a principal with GlassRatner, has been named Chief Restructuring Officer and will work with Mr. Acosta and the existing management team to develop and execute a plan to emerge from Chapter 11. Mr. Santoro has extensive experience leading companies through reorganizations and has held senior executive positions with several healthcare companies that successfully dealt with financial and operational challenges. OMI's legal advisors are Shutts & Bowen, LLP.

About OMI Medical Imaging, Inc. (OMI)

OMI is the leading provider of MRI and CT diagnostic services in Florida, with 21 convenient outpatient facilities. OMI operates nine open MRI units, eight high-field, short bore units and four CT units. OMI makes MRI and CT available and comfortable for all patients.


'/>"/>
SOURCE OMI Medical Imaging, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. MSU engineering team designs innovative medical device
2. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
3. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
4. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
5. Father and Daughter From Tanzania Receive Their First Medical Examination in Newport Beach
6. Doctors and medical ethicist discuss whether doctors should participate in capital punishment
7. Preparation for Natural Disasters Critical for People With Diabetes, Chronic Medical Conditions
8. Doctors and Medical Ethicist Discuss Whether Doctors Should Participate in Capital Punishment
9. Symmetry Medical Completes Acquisition Of Specialty Surgical Instruments
10. Milestone Scientific Announces Successful Completion of its Collaboration Agreement With Carticept Medical
11. FDA Seeks to Regulate Complementary and Alternative Medicine; Products Such as Vegetable Juice Could Be Restricted for Medical Use
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/18/2017)... Fresno, CA (PRWEB) , ... January 18, 2017 ... ... is pleased to announce that their Vice President of Franchise Development, Paula Turner ... , This award-winning business program, which features the insights of top business leaders ...
(Date:1/18/2017)... ... ... At Hallmark Nameplate, their commitment to quality is what sets them apart. The ... certification is another way they are making constant strides to provide all customers with ... The ISO 13485 Certification is a major accomplishment for Hallmark Nameplate and will allow ...
(Date:1/18/2017)... ... 18, 2017 , ... Michael J. Hennessy Associates, Inc., (MJH), ... for Biosimilars, announced Michael J. Hennessy Associates, Inc. President Michael J. Hennessy, Jr. ... through thought leader interaction in, live video and interactive digital platforms. , In ...
(Date:1/18/2017)... Hills, CA (PRWEB) , ... January 18, 2017 ... ... of dental problems ranging from gum disease to enamel erosion, and those dental ... the Massachusetts Department of Public Health, many pregnant women are failing to get ...
(Date:1/17/2017)... , ... January 17, 2017 , ... Anesthesia Progress ... for dentists to choose the best drug option for each patient. Dentists have several ... and better overall outcomes. , Researchers from the Tokyo Dental College in Tokyo, Japan ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... ALAMEDA, Calif. , Jan. 18, 2017 /PRNewswire/ ... (MPI) solutions has entered into an agreement with ... for the Momentum MPI imaging system based on ... VivoQuant will be distributed as a complete MPI ... to enable quantitative nanoparticle or cell imaging in ...
(Date:1/18/2017)... , Jan. 18, 2017  EnteroMedics Inc. (NASDAQ: ... devices using neuroblocking technology to treat obesity, metabolic ... pricing of an underwritten public offering of units ... deducting underwriting discounts and commissions and offering expenses ... comprised of Class A Units, priced at a ...
(Date:1/18/2017)... Jan. 18, 2017  Adaptive Sound Technologies, Inc. (ASTI), the ... partnership with Hyatt Place Nashville/Downtown to deliver the best ... sleep therapy machines in over two hundred of its ... important parts of having a great stay is sleeping ... Hyatt Place Nashville/Downtown. "We,re pleased to be able to ...
Breaking Medicine Technology: