Health System, Radiology Group Finalize Purchase Of Imaging Center
5/26/2009

Diagnostic Health reopened May 26, 2009, as Valley Regional Imaging following its acquisition last week by Cape Fear Valley Health System and Carolina Regional Radiology (CRR).

On Friday, May 22, Cape Fear Valley and CRR completed the purchase of the outpatient imaging facility, located at 3186 Village Drive. Valley Regional Imaging will provide patients with the latest in outpatient diagnostic radiology services, including advanced digital mammography, ultrasound, nuclear medicine, bone density testing and open Magnetic Resonance Imaging (MRI).

“We are pleased to partner with our physicians to provide outpatient diagnostic imaging to our community,” said Michael Nagowski, Chief Executive Officer of Cape Fear Valley Health System. “This is a true partnership that will help coordinate medical imaging services, improve customer service and reduce costs for our customers.”

Carolina Regional Radiology has served Fayetteville and Cumberland County for more than 50 years. All of its radiologists are board certified. Many have sub-specialty training. CRR has fellowship-trained radiologists for women’s health, cancer, orthopedics, neurological disorders, vascular disease and pediatrics.

“CRR already provides complete radiology services for all facilities of Cape Fear Valley Health System,” said Dr. Bruce Distell, President of Carolina Regional Radiology. “This new partnership represents another step in the development of a longstanding relationship that has benefited residents of Fayetteville and Cumberland County for more than half a century.”

Prior to the purchase, Diagnostic Health was majority owned by Diagnostic Health Corporation, which is funded by The Gores Group, a Los Angeles based private equity firm.

“The creation of Valley Regional Imaging returns outpatient diagnostic imaging to local control, where decisions can be made that best serve our community’s healthcare needs,” Nagowski said. “It also keeps the dollars in the local economy and keeps high-paying jobs here.”

The facility will employ a staff of approximately 45.