RadNet acquires imaging assets

|By:, SA News Editor

RadNet (NASDAQ:RDNT) acquires the routine imaging assets and assumes operations in eight Southern California HealthCare Partners facilities located in Santa Ana, Fountain Valley, Huntington Beach, Compton, Downey, Long Beach and Anaheim. More advanced imaging services will be provided at RadNet's existing offices.

Additionally, RadNet and HealthCare Partners Medical Group have entered into a five-year capitation agreement whereby RadNet will be the exclusive provider of diagnostic imaging services to ~65,000 HealthCare Partners patients who it manages as part of its commercial and managed Medicare and Medicaid programs.

Financial terms are not disclosed.