NextImage Medical Acquires SelectMRI from MSC and Expands Nationwide Network

NextImage, the technology leader in radiology management services, also announces strategic marketing agreement with MSC

San Diego – September 7, 2010 – NextImage Medical, Inc. (www.NextImageMedical.com), the technology leader in radiology services management, announced today that it has acquired SelectMRI, a wholly owned subsidiary of MSC Care Management (MSC), a care management company serving post-discharge and post-injury workers’ compensation patients. Under the terms of the agreement, NextImage Medical has acquired 100 percent of the membership interest of SelectMRI from MSC. The transaction was closed on August 30, 2010 and no further financial details of the transaction were released.

With the transaction complete, Select MRI, a Jacksonville, Fla. provider of diagnostic imaging services to the workers’ compensation industry, becomes a wholly owned subsidiary of NextImage Medical.

“With this acquisition we are in a position to provide a very robust nationwide network of the best imaging centers,” said Liz Griggs, CEO of NextImage Medical. “Many workers’ compensation payers, including some of the nation’s largest carriers and TPAs, are recognizing the superior technology and service that we have brought to the marketplace and we believe they will appreciate that they now have a very well-capitalized alternative for radiology services management. We are pleased to meet the demand for NextImage Medical to operate in many additional states.”

NextImage Medical was founded in 2008 by Griggs to help insurance carriers, Third Party Administrators (TPAs) and self-insureds manage workers’ compensation claims and lower costs by providing them with the best diagnostic image at the most appropriate imaging center in the fastest time possible.

According to Griggs, an overriding benefit of this acquisition is the natural strategic alliance that has been formed between the two organizations. Customers of both NextImage Medical and MSC will gain from the added expertise the organizations bring across the continuum of products and services.

“We are very pleased to be working in a strategic partnership with MSC, which has a great track record of providing quality products and services to many payer groups,” Griggs said. “We believe that the synergies between MSC and NextImage Medical are going to be significant in driving value to our clients.”

“This transaction further demonstrates our desire to focus on and continue to invest in our core, best-in-class service lines of Catastrophic and Home Health Services, Equipment and Device Management, and Optimal Care Transportation and Translation,” said Joe Delaney, President and CEO of MSC Care Management.

About NextImage Medical

NextImage Medical is the technology leader in radiology services management, providing workers’ compensation insurance carriers, TPAs and self-insured employers with the highest quality, fastest and most cost-effective solutions to manage workers’ compensation costs. Based in San Diego, NextImage Medical’s next generation of radiology management services features teleradiology and a PACS digital archiving system, improving diagnosis and treatment, reducing the time from imaging to diagnosis and treatment, and lowering workers’ compensation costs. NextImage Medical also offers the next generation of Electrodiagnostic Management Services, which uses a network of board-certified specialists at contracted rates to guarantee quality and reduce the likelihood of having repeat or unnecessary tests.

About MSC

Founded in 1985, MSC Care Management (http://www.yourmsc.com) is based in Jacksonville, Florida and has a nationwide network of over 15,000 credentialed and quality scored providers. As a passionately focused steward of its customers’ dollars and its patients’ well-being, MSC provides solutions through three highly focused product and service areas: Catastrophic & Home Health Services, Equipment & Device Management and Optimal Care Transportation & Translation. These service areas offer best-in-class expertise, available through a single point of contact.