NMR Centers Agrees to Buy Lifenet of Houston

NMR Centers Inc. said last week that it has agreed to acquire for an undisclosed amount of cash and stock a Houston-based company that is researching the use of low-powered electroshock therapy as a possible treatment for alcohol and drug abuse, as well as a potential aid for chronic pain.

The planned purchase of Lifenet Inc. is expected to “close any day now,” said S. Lewis Meyer, NMR’s president. Although Meyer would not disclose how much his company plans to pay for the privately held concern, he said the transaction is “in excess of $10 million.”

NMR, which is based in Newport Beach, operates three outpatient diagnostic imaging centers in Whittier, Chicago and Warren, N.J.

For the six months ended June 30, NMR reported a net loss of $672,553, contrasted with net earnings of $278,988 for the year earlier period. Revenues for the first half of 1986 were $1.6 million. Until July, 1985, NMR was in the development stage and had no revenues.