Rx Buys Lab, Seeks 7 Other Acquisitions

Continuing its aggressive growth tactics, Rx Medical Services Corp. said Friday that it has purchased a Victorville diagnostics laboratory for $4 million in cash and stock.

The acquisition of High Desert Imaging from a limited partnership marks Rx Medical’s first inroad into the CAT-scan and magnetic resonance imaging field, company spokesman Des Levin said.

“We wanted to get into that business in a big way,” Levin said.

The deal, which was signed on July 24 but not made public until Friday, is one of eight acquisitions the company expects to complete within 45 days.

Rx Medical bought the Apple Valley facility for $1.4 million in stock and $2.6 million in cash. The cash payments are in two non-interest-bearing promissory notes.

The company will also assume a $70,000-a-month lease for the MRI equipment. Magnetic resonance imaging systems use computer and X-ray technology to detect muscular and skeletal disorders.