NMR Centers Inc. Places 800,000 Shares Privately

NMR Centers Inc. of Newport Beach said it has sold 800,000 shares of restricted common stock to Terence P. Ramsden, chairman of Glen International PLC, a London-based investment company. Ramsden obtained about 12% of NMR’s shares outstanding in the $5-million deal, completed earlier this month. Ramsden also was named to a seat on NMR’s board of directors.

Lewis Meyer, NMR president, said that proceeds from the sale would be used to expand the company’s nationwide network of diagnostic imaging centers and to speed its research work on TCET, a new transcranial electrotherapy used to treat drug dependency, insomnia and eating disorders.

NMR, which has been in full operation for about a year, provides outpatient medical diagnostic facilities that offer general radiology and magnetic resonance imaging.