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:3/29/2017)... ... 2017 , ... Based on research from Guardian’s Fourth Annual ... trying to balance both short-term and long-term benefits demands. Are employers struggling ... complexity, companies are finding that the short-term strategies used to control costs, improve ...
(Date:3/29/2017)... ... 29, 2017 , ... Altima Technologies, Inc., the maker of ... center assets and audio-video devices has recently updated its Visio Stencils library with ... and download shapes and stencils from http://www.VisioStencils.com. , New devices were ...
(Date:3/29/2017)... Linda, Ca (PRWEB) , ... March 29, 2017 , ... ... of a growing number of cancers and is touted to be the next revolution ... treatment, thus far, has been in the form of immune checkpoint inhibitors such as ...
(Date:3/29/2017)... ... , ... AvePoint , the Microsoft Cloud expert, is pleased to announce ... at the Riverfront Plaza, 901 East Byrd Street. AvePoint is celebrating with a ribbon-cutting ... and Mayor of Richmond Levar M. Stoney. , Founded in 2001, AvePoint employs more ...
(Date:3/28/2017)... ... March 28, 2017 , ... ... first technology to directly address the resolution to globally reduce the harmful use ... patented compound of FDA and TTB approved ingredients that when infused into alcohol, ...
Breaking Medicine News(10 mins):
(Date:3/29/2017)... 2017   Dynatronics Corporation (NASDAQ: ... Cynthia L. McHenry (Cyndi) as Vice ... leading Dynatronics manufacturing, distribution, and purchasing operations across ... CEO Kelvyn H. Cullimore, Jr. ... process conducted by the company as it continues ...
(Date:3/29/2017)... NetworkNewsWire Editorial Coverage  ... There are a number of advantages ... economic arguments also favor its legalization. The benefits include increased ... to legalize and regulate marijuana requires an ecosystem of support ... SING Profile ), American Cannabis Company (OTC: AMMJ), Kush Bottles, ...
(Date:3/29/2017)... AVIV, Israel , March 29, 2017 ... agreement in which Exeltis will obtain exclusive marketing rights for Neurim,s ... ... an age-appropriate drug targeted to treat sleep disorders in children with ... be the first sleep medication approved for children. The ...
Breaking Medicine Technology: