Transaction

• In June 2007, BMC Diagnostics Inc. was recapitalized by Blackfin Capital LLC. Seven Hills acted as exclusive financial advisor to BMC Diagnostics in this transaction.
• Financial terms were not disclosed.

Company

• BMC Diagnostics, Inc. is a leading Northern California provider of cardiovascular imaging shared services and fixed-site diagnostic imaging services. Its imaging services include magnetic resonance imaging (MRI), cardiovascular ultrasound and nuclear medicine services. BMC Diagnostics is headquartered in Emeryville, California.
• Blackfin Capital is a private equity firm based in New York, NY.

Result

• Created a competitive process by identifying and negotiating with multiple interested parties.
• Common stock structure enhances potential exit value for existing BMC shareholders.
• Mutually advantageous terms provided partial liquidity for existing shareholders.