SOURCE: London & Pacific Healthcare, Inc.

May 02, 2007 06:30 ET

Central Coast California Radiology Provider Signs Letter of Engagement With London & Pacific Healthcare, Inc. to Provide Specialty Consulting Services

EL SEGUNDO, CA -- (MARKET WIRE) -- May 2, 2007 --London & Pacific Healthcare, Inc. (PINKSHEETS: LDPH) ( announced today that it will provide strategic and business advisory services to Radiology Associates of San Luis Obispo ("RA") to enhance and expand its operations.

London & Pacific will provide a range of strategic corporate finance services to the group to include program need and feasibility, business development assessment, facilities valuation services, and working and capital budget requirements.

Currently, RA owns and operates three full-service, state-of-the-art outpatient imaging centers in Santa Maria, Pismo Beach and Templeton, California. The organization also owns a majority interest in MRI of San Luis Obispo as a joint venture with Tenet Healthcare and provides professional radiology services at French Hospital Medical Center and Sierra Vista Regional Medical Center, where RA began providing services since its original formation in 1959.

Dr. William M. Russell, CEO of Radiology Associates, commented, "We are looking forward to our collaboration with London & Pacific as we strive to enhance local services and investigate integration into communities beyond our current market."

"We are pleased for this opportunity to work with Radiology Associates, as they are a dynamic company with the proven success and expertise in their area of diagnostic medicine," stated Mr. Stuart Bruck, Executive Chairman of London & Pacific. "Radiology Associates has been a solid fixture in the Central Coast for 47 years now, and we hope to assist them as they expand to other areas."

Radiology Associates is the leading provider of medical imaging services on the Central Coast of California and currently controls a substantial share of the outpatient medical imaging business. The existing market spans from northern Santa Barbara County to northern San Luis Obispo County, a distance of approximately 60 miles. RA focuses its efforts on private-pay, fee-for-service, and Medicare lines of business.

About London & Pacific Healthcare, Inc.

London & Pacific Healthcare, Inc., with offices in Los Angeles and London, operates three synergistic operating divisions that capitalize on emerging growth opportunities in the global healthcare industry. Its London-based division City & Westminster Advisers Limited provides comprehensive strategic and financial advisory services to healthcare start-ups, small and mid-sized organizations. Its two California-based divisions, HealthSPAC LLC, acts as an incubator for Special Purpose Acquisition Companies (SPACs), which are "blank check" companies that go public with the intention of merging or acquiring a company with the proceeds of an initial public offering and Healthcare Fund Advisors LLC, provides specialized buy-side sourcing and analysis services to clients that invests in the global healthcare sector. For additional information, please visit the corporate website at

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