PBC Announces the Sale of Midtown Imaging, LLC

July 3, 2008

Palm Beach Capital, through one of its investment entities, today announced that it has sold its equity interest in Midtown Imaging, LLC to a strategic acquirer. Financial terms of the transaction were not disclosed.

Midtown Imaging, based in West Palm Beach, Florida, is a dominant player in the diagnostic imaging market of northern Palm Beach County, FL. With five centers currently operating, Midtown Imaging has both a significant customer and referral base.

Nate Ward, a principal at Palm Beach Capital stated, “Palm Beach Capital is very pleased at the overall performance of Midtown Imaging while in our portfolio. The company experienced significant growth over that past four years with the opening of three new imaging centers in Palm Beach County to better serve the company’s market..”

The law firm Greenberg Traurig represented Palm Beach Capital in the sale of its interests in Midtown Imaging

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