Mergers & Acquisitions
Banyan Corporation forms subsidiary, acquires stake in imaging company
Published in Telemedicine Business Week, March 2nd, 2005
The formation of Diagnostic USA is expected to both augment Banyan's business and greatly enhance the capabilities and offerings of the company's growing chain of Chiropractic USA clinics.
Banyan has ratified the January 7th Purchase Agreement wherein Diagnostic USA may acquire up to a 40% interest in Diagnostic Solutions of America, LLC ("Diagnostic Solutions") from its parent company National Diagnostic Solutions, Inc. The acquisition is expected to close before March 2005.
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