Avondale Partners is pleased to announce that it recently served as the exclusive financial advisor to U.S. MRI (the “Company”) regarding its sale to Center for Diagnostic Imaging, Inc. (“CDI”).   

U.S. MRI is an operator of freestanding outpatient diagnostic imaging centers in the state of Utah, with 5 locations offering MRI, CT, X-Ray, and Ultrasound imaging services. The Company is the preferred medical provider for U.S. Ski and Snowboard and U.S. Speedskating, among other national and local sports organizations, and has established itself as a leading provider for diagnostic imaging in Utah.

Headquartered in Minneapolis, 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.

The combination with U.S. MRI enables CDI to further capitalize on the significant growth opportunities in Utah and realize continued benefit from industry tailwinds, including the shift from hospital-based imaging to value-driven outpatient imaging.

About Avondale Partners

Avondale Partners is a leading healthcare-focused boutique investment banking firm headquartered in Nashville. We deliver bespoke solutions and superior outcomes to our clients by leveraging our domain expertise, broad transaction expertise and extensive network of relationships. Avondale was founded in 2001 on the belief that high quality, value-added advice from trusted professionals is always in style.  

For questions about the transaction or Avondale Partners’ healthcare investment banking services, please contact Phil Krebs (615-467-3482; pkrebs@avondalepartnersllc.com), Allison Brown (312-952-2078; abrown@avondalepartnersllc.com), or Neil Herndon (615-467-3529; nherndon@avondalepartnersllc.com).  

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