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2. FACILITY ACQUISITIONS
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
FACILITY ACQUISITIONS

NOTE 2 – FACILITY ACQUISITIONS

 

On January 2, 2014, we acquired the diagnostic imaging practice of Leslie A. Saint-Louis, MD located in New York, New York for $360,000. Upon acquisition, we relocated the practice to a nearby existing center in New York, New York. We have made a fair value determination of the assets acquired and have allocated $310,000 to goodwill and $50,000 to other intangible assets related to a covenant not to compete contract with Dr. Saint-Louis.

 

On April 1, 2014, we acquired the diagnostic imaging practice of Sidney Friedman, M.D. located in Westchester, CA for $1.4 million. We have made a preliminary fair value determination of the assets acquired and have allocated $600,000 to Imaging equipment, $470,000 to accounts receivable and $331,000 to goodwill.