Diagnostic Imaging Centers Continue to Struggle
As was predicted by many, the Deficit Reduction Act is continuing to cause a major shake-out in the imaging center industry. According to the Florida Business Journal, a major Florida-based imaging center company has filed for Chapter 11 reorganization and will close 5 of its 17 centers. As this trend continues, many physicians who invested in centers in hopes that returns would help bolster practice revenues are now scrambling to figure out what their personal exposure might be if their investments go under - and rightly so. Many such investments required investors to sign on to personal guarantees with lenders and landlords which could put investors' personal assets at risk in the event of a default. For more information on options for ailing imaging center investments, see the following article in Physicians News Digest at: http://physiciansnews.com/law/108rodriguez.html.
