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DIIG(0.40) Diagnostic Imaging, Looking to Change the Face of MRI Clinics
Monday, March 03 2008 7:10 AM, EST M2 "Press Wire "
M2 PressWIRE - March 3, 2008 - Diagnostic Imaging International Corp. (OTCBB: DIIG), Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), Tenet Healthcare Corp. , (NYSE: THC), Health Management Associates Inc. (NYSE: HMA), and Lifepoint Hospitals Inc. (NASDAQ: LPNT).
Affordable, modern MRI's with no waiting lists! Diagnostic Imaging International Corp. (OTCBB: DIIG) mission is to provide quality MRI services to its clients, delivering convenience, accuracy and the highest standard of care and service. The Company's mandate is to make available, on a timely basis, imaging services for individuals, physicians, workers compensation boards and insurance companies.
In Canada , there is presently widespread dissatisfaction with wait times for diagnostic imaging. DIIG plans to reduce wait times from up to 6 months to only 48 hours. You can have the power by simply booking an appointment. Timely health care is priceless. Imagine not waiting in pain, but going from your MD's office to an MRI clinic that can give you quick answers and diagnosis.
DIIG plans an aggressive strategy of opening new clinics and acquiring existing clinics in the near future.
DIIG is currently negotiating an option on its first clinic and looking to acquire multiple MRI clinics this year. DIIG is hoping to be a leader in bringing effective health care in the MRI field to a location near to you.
DIIG plans to provide service in Canada and the United States .
More information on Diagnostic Imaging International Corp. can be found at www.diig.biz
Other stocks of interest to watch on Monday, March 3 ;
Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) fell $0.45 Friday to close the week at $10.67 on volume of 1,000000. On Thursday MDRX released an 8K announcing the acquisition of " Extended Care Information Network, Inc. , a Delaware corporation ("ECIN"), through a newly-created, wholly-owned subsidiary formed as a Delaware corporation ("Purchaser"), in a two-step transaction (the "Acquisition") for aggregate consideration of $93.5 million in cash (which includes repayment of indebtedness and transaction expenses), subject to determining the final level of ECIN's positive working capital (including cash) at closing. Immediately after closing the transactions contemplated by the stock purchase agreement, which was entered into in connection with the Acquisition, the Purchaser filed a certificate of ownership and merger (the "Certificate of Merger") in the State of Delaware pursuant to Section 253 of the General Corporation Law of the State of Delaware , merging Purchaser with and into ECIN, with ECIN surviving the merger (the "Merger"). Upon the filing of the Certificate of Merger, Allscripts became the sole stockholder of ECIN. ECIN is a provider of hospital care management and discharge planning software. The purchase price was funded by $50 million of borrowings under a new $60 million revolving credit facility, cash acquired, and cash on hand."
Tenet Healthcare Corp. , (NYSE: THC), traded 7.3 million shares on Friday to finish the week at $4.81 . On Wednesday of last week, Jefferies & CO , raised its rating on Tenet from an underperform to a hold. " Tenet Healthcare Corporation provides health care services primarily through the operation of general hospitals in the United States . The company owns or leases physician practices, captive insurance companies, and various other ancillary health care businesses, including outpatient surgery centers, diagnostic imaging centers, occupational and rural health care clinics."
Lifepoint Hospitals Inc. (NASDAQ: LPNT), fell $1.04 Friday to finish the trading session at $25.06 . Volume on the day was 956,000 shares. Earlier in the week, Life point announced the Company would be presenting at the Raymond James 29th Annual Institutional Investors Conference to be held March 3 - 5, 2008 , in Orlando, Florida .
Health Management Associates Inc. (NYSE: HMA) fell $0.30 on Friday to finish the week at $5.35 . Volume on the day was about 3.2 million shares. Last week, HMA released an 8K regarding employee compensation which included saying "On February 19, 2008 , the Compensation Committee of the Board of Directors of Health Management Associates, Inc. (the "Company") approved cash bonuses and contingent stock awards for certain executive officers of the Company, including the individuals listed in the table below. The contingent stock award granted to each officer is equal in value to such officer's cash bonus. The number of shares granted was based on a market value of $5.66 per share, which was the closing price of the Company's common stock on February 19, 2008 . The shares awarded were credited to each executive officer's account and will vest on the fourth anniversary of the date of the award, at which time the shares will be issued."
Diagnostic Imaging International Corp. is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. Diagnostic Imaging International Corp. profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release.
All statements and expressions are the sole opinion of Diagnostic Imaging International Corp. and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and Diagnostic Imaging International Corp. research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. Diagnostic Imaging International Corp. disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies.
Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. Diagnostic Imaging International Corp. is not liable for any investment decisions by its readers or subscribers.
Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in Diagnostic Imaging International Corp. profiled stocks.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "up to", "approximately", "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission . You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
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