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Akumin acquires outstanding noncontrolling stakes in 7 Texas diagnostic centers

Akumin Inc. completed the acquisition of all of the outstanding noncontrolling interests in seven of its existing Texas-based diagnostic imaging centers for about $21.6 million.

The acquisitions, which were carried out by Akumin unit Preferred Medical Imaging LLC, involve certain operations in Austin, Fort Worth, Frisco, Grapevine/Colleyville, Irving, Plano and Round Rock.

The Toronto-listed diagnostics company said the consideration comprises a cash amount of about $17.9 million and the issuance of about $3.7 million common shares in the company's capital.

Akumin President and CEO Riadh Zine said the acquisition "simplifies our corporate structure."