Image Plus Consultants, which trades as Apex Radiology, is now in the process of acquiring real estate for its expansion.
The junior market-listed company has entered into an agreement to acquire a 0.73-acre property in the Kingston 5 area. This acquisition will enable Image Plus to construct a multi-level facility, which will serve as the future home for its current 3a Winchester Road branch.
Image Plus, which is the first company to list on the Jamaica Stock Exchange (JSE) this year, says the acquisition of the property “is a key step towards our strategic goals of expanding our services, we are happy to be at this stage and look forward to the completion of this transaction by the end of Q2 of our financial year.”
Image Plus has outgrown its 3a Windchester Road branch, which is one of four sites it operates.
According to CEO Kisha Anderson, “we want to upgrade our nuclear medicine services, but we can’t do that because the space is just not enough. We’re looking for somewhere to relocate, so that it will allow us to offer more modalities of service.”
The medical services company is targeting July for the fruition of its other expansion plans. Image Plus will be outfitting its new Ocho Rios location with a magnetic resonance imaging (MRI) machine and a mammography machine, used to test for breast cancer.
The Molynes Road location will be also outfitted with a new mammography machine to be supplied by Siemens through its Dominican Republic representative at a cost of approximately US$2 million.