Progressive MRI Expands Reach with Purchase of Imaging Centers from Medical Resources

Progressive MRI reports it is now one of the largest physician-owned providers of radiological services in the Baltimore-Washington, D.C., region with the successful purchase of nine imaging centers in Maryland from Medical Resources Inc. The purchase agreement was completed May 19 for an undisclosed price and Progressive has already taken over administration of the centers.

The transaction is significant because Progressive, in addition to owning and operating its own centers, reads and diagnoses imaging from 19 other centers, which means Progressive now provides medical leadership to a total of 28 imaging centers. In addition, Progressive maintains a unique position in the field because many of its 23 radiologists are also experts in subspecialties.

“I am looking forward to continuing our long tradition of providing excellent radiological and imaging services to patients, clinicians and physicians of Maryland,” says Dr. Mark Monteferrante, a Managing Member and an expert in pediatric neuroradiology. “Our acquisition will help us accomplish this goal and will serve as a foundation for our future growth throughout the region.”

Chief Executive Rick Griffin adds: “This is an exciting time for us because more facilities means we now have the ability to provide vital medical services to more people in Maryland’s suburbs and rural areas. Health care continues to be a top item on the national agenda and we’re determined to be a part of the success formula that keeps medical care accessible in a variety of communities.”

MRI—Magnetic Resonance Imaging—is an essential tool in diagnosis and treatment. The noninvasive medical test uses magnetic fields, radio frequency pulses and computers to create meticulous pictures of the body. MRI does not use x-rays.

About Progressive MRI, LLC

Progressive MRI, a pioneer in the field since the early 1980s, is a privately-held company providing medical leadership to 28 diagnostic imaging centers in Maryland, Virginia and Washington, D.C. Progressive performs thousands of high-quality radiology examinations in its facilities in every facet of radiology, including MRI, CAT scan, ultrasound, general x-ray and nuclear medicine.
Contacts

Progressive MRI, LLC
Christopher W. Burch
Chief Financial Officer
703-667-8600
cburch2000 {at} aol(.)com