Alliance Imaging Buyout Completed
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New York investment firm Kohlberg, Kravis, Roberts & Co. completed its acquisition of Alliance Imaging, a small Anaheim medical concern, Alliance said Wednesday.
Kohlberg, Kravis acquired 90% of Alliance for $56 a share, or more than $320 million in cash. Kohlberg, Kravis also agreed to pay off $537 million in Alliance debt as part of the deal.
New York investor Leon Black’s Apollo Management Inc. owned nearly 83% of Alliance, which provides magnetic resonance imaging services to hospitals and other health care groups.
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