Alpha Imaging Merges With AXS Imaging

Press Release

Merger Announcement – Alpha Imaging Inc. and AXS Imaging LLC

Willoughby, Ohio (Sept. 23, 2011) - Alpha Imaging Inc. of Willoughby, Ohio and AXS Imaging LLC of Indianapolis, Indiana are pleased to announce a corporate merger. The new company will be known as Alpha Imaging, LLC. The combined company is one of the largest independent distributors of medical imaging equipment in the United States. Alpha Imaging’s customers include major healthcare institutions and healthcare delivery systems in Ohio, Indiana, Western Pennsylvania, Kentucky, Virginia, Maryland and Minnesota. The company distributes cardiac catheterization and E/P labs, CT scanners, digital radiographic systems and women’s healthcare equipment.

"The strategic combination has created a large, multi-state direct distribution footprint with capabilities for national distribution" explains Michael Perrico, CEO of the merged company. "The merger allows us to attract the interest from vendors who are seeking an experienced and successful distribution channel with a highly experienced sales and service team."

Perrico continues, "The merger gives both companies the opportunity, as a single entity, to expand our collective coverage and market leadership position in the markets we serve while maintaining our advantage as an agile organization with a reputation for excellent customer service."

Pete Davis, President of the company (and the former CEO of AXS Imaging), adds, "We are very excited about joining forces with Alpha. We will continue to deliver the highest quality imaging equipment available on the market, backed by unparalleled service and support."

The merger represents a pooling of the expertise of two major distributors of medical imaging equipment. Alpha Imaging, a 25-year-old company, has achieved accolades from a number of business publications, including INC Magazine, which has listed the firm among the 5000 fastest growing companies in the industry. AXS Imaging, formed in 1984, is the largest independent distributor of medical equipment in Indiana. Both companies distribute and service equipment from Shimadzu Medical Systems, Hologic, Omega Medical and Neusoft, among other firms.

The new firm headquarters will be in Alpha’s newly renovated 8000-square-foot facility located at 4455 Glenbrook Rd, Willoughby, Ohio. For further information please contact:

Michael Perrico, CEO

Pete Davis, President