EX-5.5 52 v205453_ex5-5.htm
 
January 10, 2011
 
Radnet Management, Inc.
1510 Cotner Avenue
Los Angeles, CA 90025
 
Ladies and Gentlemen:
 
We have acted as special counsel to New Jersey Imaging Partners, Inc., a New Jersey corporation (“NJ Imaging Partners”) and the New Jersey limited liability companies listed on Schedule A (“the Guaranteeing Subsidiaries”), in connection with the offer made by Radnet Management, Inc. (the “Issuer”) to exchange its new 10-3/8% Senior Notes due 2018 (the “Exchange Notes”), which are being registered under the Securities Act of 1933, as amended (the “Securities Act”), for a like principal amount of its outstanding 10-3/8% Senior Notes due 2018 (the “Outstanding Notes”). Each Guaranteeing Subsidiary is named as a Guarantor in the Supplemental Indenture described below. Each Guaranteeing Subsidiary has provided a guarantee of the Outstanding Notes, which guarantee will also cover the Exchange Notes. This opinion is furnished to you in connection with the registration of the Exchange Notes under the Securities Act, pursuant to a Registration Statement on Form S-4 filed with the Securities and Exchange Commission (the “Registration Statement”). Unless defined in this opinion, capitalized terms used herein have the meanings ascribed to them in the Indenture.
 
In so acting, we have reviewed executed copies of the following documents (collectively, the “NJ Transaction Documents”):
 
1.           Indenture, dated as of April 6, 2010 (the “Indenture”), made by and among the Issuer, RadNet, Inc., the Subsidiary Guarantors party thereto and U.S. Bank National Association, as trustee.
 
2.           A Supplemental Indenture, dated as of January 10, 2011 (each a “Supplemental Indenture”), made by and among each Guaranteeing Subsidiary, the Issuer, the other Guarantors (as defined in the Indenture) and U.S. Bank National Association, as trustee.
 
3.           A Notation of Guarantee, executed by each Guaranteeing Subsidiary.
 
We have also reviewed the Registration Statement, the Certificate of Formation and Operating Agreement of each Guaranteeing Subsidiary and resolutions adopted by the sole member of each Guaranteeing Subsidiary. We have reviewed such other documents and made such examinations of law as we have deemed appropriate in connection with the opinions set forth below. We have relied, without independent verification, on certificates of public officials, and, as to matters of fact material to our opinions, also without independent verification, on the representations contained in the NJ Transaction Documents. We are not regular counsel to the Issuer, NJ Imaging Partners or any Guaranteeing Subsidiary, and are not generally familiar with their affairs. We have not undertaken any independent investigation to determine the existence or absence of any facts and no inference as to our knowledge concerning any facts should be drawn as a result of the limited representation undertaken by us.
 
 
65 Livingston Avenue Roseland, NJ 07068 Tel 973 597 2500 Fax 973 597 2400
New York  Palo Alto  Roseland
 
 

 
 
Radnet Management, Inc.
January 10, 2011
Page 2
 
 
We have assumed the authenticity of all documents submitted to us as originals, the genuineness of all signatures, the legal capacity and competence of natural persons, the conformity to original documents of documents submitted to us as certified, conformed, photostatic, electronic or facsimile copies and the completeness of all documents reviewed by us. We have also assumed that each Guaranteeing Subsidiary is and will remain solvent at the time of and after giving effect to its guarantee of certain obligations as set forth in the Indenture and the Supplemental Indenture.
 
Based upon the foregoing and subject to the assumptions, exceptions, limitations and qualifications set forth herein, we are of the opinion that:
 
1.           Each Guaranteeing Subsidiary is a limited liability company validly existing and in good standing under the laws of the State of New Jersey.
 
2.           Each Guaranteeing Subsidiary has the requisite limited liability company power to enter into and perform its obligations under the NJ Transaction Documents to which it is a party and to incur the obligations provided therein, and has taken all limited liability company action necessary to authorize its execution, delivery and performance of the NJ Transaction Documents to which it is a party.
 
3.           The NJ Transaction Documents to which each Guaranteeing Subsidiary is a party have been duly executed and delivered by each Guaranteeing Subsidiary.
 
The foregoing opinions are subject to the following exceptions, limitations and qualifications:
 
(a)          None of our opinions covers or otherwise addresses any of the following laws, statutes or regulations or legal issues: (i) securities and antitrust laws, statutes and regulations; (ii) fraudulent transfer and similar laws; (iii) laws, statutes and regulations that prohibit or limit the enforceability of obligations based on attributes of the party seeking enforcement (e.g., the Trading with the Enemy Act and the International Emergency Economic Powers Act); (iv) laws, statutes and regulations that hereafter become effective; (v) zoning, land use laws and building laws, statutes and regulations applicable to any property; (vi) usury laws, statutes and regulations; and (vii) laws, statutes and regulations that regulate a particular business of a party to the Indenture or Supplemental Indenture and do not relate to companies generally. We have not undertaken any research for purposes of determining whether any Guaranteeing Subsidiary or any of the transactions that may occur in connection with the Indenture or Supplemental Indenture is subject to any laws, statutes, regulations or requirements other than to those that, in our experience, would generally be recognized as applicable in the absence of research by lawyers in the State of New Jersey. In addition, we express no opinion as to whether the sole member of any Guaranteeing Subsidiary has complied with its respective fiduciary duties in connection with the authorization and performance of the Indenture and Supplemental Indenture.
 

 

 
 
Radnet Management, Inc.
January 10, 2011
Page 3
 
 
(b)          We express no opinion as to the enforceability of the Indenture, the Supplemental Indenture or any Notation of Guarantee executed by any Guaranteeing Subsidiary.
 
(c)          We express no opinion as to choice of law or conflicts of law principles.
 
This opinion is limited to the federal laws of the United States and the laws of the State of New Jersey. We express no opinion as to the effect of the law of any other jurisdiction.
 
Our advice on each legal issue addressed in this letter represents our opinion as to how that issue would be resolved were it to be considered by the highest court of the jurisdiction upon whose law our opinion on that issue is based. The manner in which any particular issue would be treated in any actual court case would depend in part on facts and circumstances particular to the case, and this opinion is not intended to guarantee the outcome of any legal dispute which may arise in the future.
 
In rendering the opinion set forth in paragraph 1 above as to the good standing of each Guaranteeing Subsidiary, we have relied exclusively on the Certificates issued by the Department of Treasury of the State of New Jersey dated December 28, 2010. In rendering the opinions set forth in paragraph 3 above as to the delivery of the respective NJ Transaction Documents, we have assumed, with your permission, that the laws governing such delivery are substantially similar to the laws of the State of New Jersey.
 
This opinion is limited to the matters expressly stated herein. No implied opinion may be inferred to extend this opinion beyond the matters expressly stated herein. We do not undertake to advise you or anyone else of any changes in the opinions expressed herein resulting from changes in law, changes in facts or any other matters that hereafter might occur or be brought to our attention.
 
We hereby consent to the filing of this opinion as an Exhibit to the Registration Statement and to the use of our name under the heading “Legal Maters” in the Registration Statement. Other than the addressee hereof, no person may rely on this opinion except that Sheppard, Mullin, Richter & Hampton LLP may rely upon this opinion as though this opinion was addressed to them.
 
Very truly yours,
 
LOWENSTEIN SANDLER PC
 
 

 

Radnet Management, Inc.
January 10, 2011
Page 4
 
 
Schedule A
 
 Guaranteeing Subsidiaries
 
East Bergen Imaging, LLC
Progressive Medical Imaging of Bloomfield, LLC
Progressive Medical Imaging of Hackensack, LLC
Progressive Medical Imaging of Union City, LLC
Progressive X-Ray of Englewood, LLC
Progressive X-Ray of Kearney, LLC