Regarding the transaction, Alex Stevenson, Managing Director of FocalPoint said “Insight has successfully implemented a financial restructuring, significantly strengthening its balance sheet. We were excited to be able to bring our extensive financial restructuring and imaging industry expertise together in advising Black Diamond and the Ad Hoc Committee as part of this successful transaction.”

Kip Hallman, Insight’s president and CEO, commented upon the restructuring, “This is an exciting day for Insight as we emerge from our restructuring with essentially no debt, the strongest balance sheet in our business, and a great opportunity to get back to growing our business. We set out to complete our restructuring without disruption to our patients, employees and the hospitals and physicians we serve, and we were able to achieve this goal through the dedicated hard work of all the outstanding members of our team. We are all excited and energized to have the opportunity to bring our Patients First care and exceptional service to even more people in the future. We are also looking forward to working with our new majority equity owners, affiliates of Black Diamond, who share our enthusiasm for the opportunities ahead.”

About Insight
Insight, headquartered in Lake Forest, California, is a provider of fixed site and mobile diagnostic imaging services. Insight Imaging serves a diverse portfolio of customers, including healthcare providers, such as hospitals and physicians, and payors, such as managed care organizations, Medicare, Medicaid and insurance companies, in over 30 states, including the following targeted regional markets: California, Arizona, Texas, New England, the Carolinas, Florida and the Mid-Atlantic states. For more information, please visit

About Black Diamond Capital Management, L.L.C.
Founded in 1995, Black Diamond is a leading alternative asset management firm with over $6 billion in assets under management across complementary control distressed/private equity, hedge fund and CLO vehicles. Black Diamond has offices in Greenwich, CT and Lake Forest, IL.

About FocalPoint

FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings and distressed transactions. The firm serves middle market clients throughout the U.S.

Please contact Alex Stevenson at 310-405-7000 with any questions about this transaction.