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Health care industry

SMT Health Services Inc. Retains Commonwealth Associates as Investment Banking Firm

Strategic Insights

— 1 min read

SMT Health Services Inc. has selected Commonwealth Associates, a New York-based investment banking firm, to assist in establishing a long-term financial strategy and evaluating potential transactions in the mobile diagnostic industry. This move comes as SMT continues to grow and increase profitability, with a fleet of 11 mobile MRI units providing diagnostic imaging services to healthcare providers across six states. The partnership with Commonwealth Associates aims to leverage the firm's expertise in serving emerging growth companies.

Key Takeaways:

  • SMT Health Services Inc. has retained Commonwealth Associates as its investment banking firm to establish a long-term financial strategy and evaluate potential transactions in the mobile diagnostic industry.
  • The company has a fleet of 11 mobile MRI units, providing diagnostic imaging services to healthcare providers in Pennsylvania, West Virginia, North Carolina, Ohio, Virginia, and Kentucky.
  • SMT has shown consistent growth and increasing profitability, making it an attractive player in the mobile diagnostic industry.
  • Commonwealth Associates will assist SMT in identifying opportunities for consolidation in the industry and developing a comprehensive financial plan.
  • Andy Bello, managing director of Commonwealth Associates, expressed excitement about the partnership, citing SMT's growth, profitability, and market position.
  • Jeff Bergman, President and CEO of SMT, stated that the company is looking forward to working with Commonwealth Associates to further its growth and development.

Statistics:

  • SMT Health Services Inc. operates a fleet of 11 mobile MRI units.
  • The company provides diagnostic imaging services to healthcare providers in six states: Pennsylvania, West Virginia, North Carolina, Ohio, Virginia, and Kentucky.
  • SMT has shown consistent growth and increasing profitability.
  • Commonwealth Associates will assist SMT in evaluating potential transactions involving other mobile diagnostic providers.

Sources:

  • SMT Health Services Inc., Press Release, October 10, 1995
  • Business Wire, "SMT Health Services Inc. Announces Retention of Investment Banking Firm," October 10, 1995

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