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Shared Imaging LLC Sells 50% Interest to Private Investor Group

by Barbara Kram, Editor | April 09, 2008
Shared Imaging's President and CEO
Ray Stachowiak with one of the
company's mobile CT units
Streamwood, Ill. - Shared Imaging, LLC, a leading independent provider of CT, MRI and PET/CT systems and service programs to hospitals and healthcare providers has entered a strategic partnership with Lubar & Co. (Lubar), a private, family-based investment firm headquartered in Milwaukee, Wis.

Lubar has acquired a 50% share. Ray Stachowiak, President and CEO of Shared Imaging LLC retains the other 50% ownership.

"The entire management team of Shared Imaging will continue managing the day-to-day operations of the business," Stachowiak told DOTmed News. For example, he noted that industry veteran and Executive Vice President James Gallagher will continue his activities as before.

"This transaction was precipitated by personal desires ... in terms of wanting to divest some portion of our holdings and position us better to take advantage of the tremendous opportunities in our industry niche," Stachowiak said. He noted that the new influx of management expertise and capital will support expansion into additional geographic regions as well as a further concentration on PET/CT.

With the new partnership, Shared Imaging is better positioned to provide its clients with sophisticated technologies, customized imaging solutions, highly trained technologists and a knowledgeable support staff, according to the company.

"A strong company has become even stronger," said Stachowiak. "Our business is based on developing and sustaining long-term relationships that enable us to tailor highly individualized diagnostic imaging solutions and programs to meet the unique needs of each client. Those needs evolve over time and our partnership with Lubar improves our ability to assist our clients in managing their diagnostic imaging technologies on a long-term basis."

"We selectively invest in strong companies with outstanding management teams and sound business plans," said David Lubar, President, Lubar & Co. "Ray Stachowiak is a strong leader with a proven track record in the diagnostic imaging solutions field and we're proud to become his partner in Shared Imaging. We're confident that our investment will serve as a catalyst to enable the company to grow and expand in ways not previously feasible."

Shared Imaging, LLC, based in Streamwood Ill., is a leading provider of CT, MRI and PET/CT systems to healthcare providers. Since its inception in 1987, the company has grown to provide over 200 diagnostic imaging systems in 42 states. The company has one of the most advanced MR technology portfolios in the industry and is the largest independent provider of CT systems in the U.S.

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