Center for Diagnostic Imaging’s Acquisition of U.S. MRI

McDermott Will & Emery acted as legal counsel to Wellspring Capital Management LLC and its portfolio company Center for Diagnostic Imaging in the transaction.

Center for Diagnostic Imaging, a portfolio company of private equity firm Wellspring Capital Management LLC, completed its acquisition of U.S. MRI, the largest independent advanced medical imaging center in Utah. This transaction was completed on November 3, 2020.

Center for Diagnostic Imaging (CDI) is one of the nation’s leading providers of high-quality diagnostic imaging and interventional radiology services through its network of imaging centers, ambulatory surgery centers, and mobile imaging solutions.

U.S. MRI was established in 2007 as an independent advanced medical imaging center. The business was developed to provide an alternative to hospitals for patients who needed medical imaging. As an independent imaging center, U.S. MRI has been able to provide a better patient experience through significantly lower costs, superb customer service, and the highest quality imaging. U.S. MRI was started with just one location, and today there are five locations (and counting), making U.S. MRI the largest independent imaging center in Utah.

The McDermott team was led by Wellspring relationship partner Frank Steinherr (Picture) and Patrick Rowe, Smith Alpert and Emily Jewell with support from Sarah Kitchell, George Tzanetakos, Daniel Zucker, Ashley Fischer, Jennifer Mikulina, Harold Davidson, Dan Martin, Michelle Strowhiro, Joe Urwitz, Mark Collins and Bethany Hatef. Financial support was led by Stephanie McCann and Nicole Briody.

Involved fees earner: G. N. Smith Alpert – McDermott Will & Emery; Nicole Briody – McDermott Will & Emery; Mark Collins – McDermott Will & Emery; Harold Davidson – McDermott Will & Emery; Ashley Fischer – McDermott Will & Emery; Bethany Hatef – McDermott Will & Emery; Emily Jewell – McDermott Will & Emery; Sarah Kitchell – McDermott Will & Emery; Daniel Martin – McDermott Will & Emery; Jennifer Mikulina – McDermott Will & Emery; Patrick Rowe – McDermott Will & Emery; Frank Steinherr – McDermott Will & Emery; Stephanie McCann – McDermott Will & Emery; Michelle Strowhiro – McDermott Will & Emery; George Tzanetakos – McDermott Will & Emery; Joseph Urwitz – McDermott Will & Emery; Daniel Zucker – McDermott Will & Emery;

Law Firms: McDermott Will & Emery;

Clients: Center for Diagnostic Imaging; Wellspring Capital Management LLC;

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Author: Ambrogio Visconti