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RadNet, Inc. (RDNT) Acquires California-Based West Coast Radiology

|Includes: RadNet, Inc. (RDNT)

RadNet is the largest provider of fixed-site outpatient diagnostic imaging services in the United States. The company has a network of 233 owned and/or operated facilities in its core markets of California, New York, New Jersey, Maryland, Delaware, and Rhode Island.

The company reported today that it had executed a definitive agreement to acquire the assets of West Coast Radiology. These assets are expected to generate roughly $17 million in annual revenues for RadNet. The assets include five imaging centers in Orange County, California, operating a combination of MRI, CT, ultrasound, x-ray, and other related modalities.

According to RadNet, the acquisition will strengthen its position in Orange County, California, as West Coast Radiology has been one of the premier radiology providers in the area for almost 25 years. In addition, it will also broaden the company's footprint by significantly strengthening its physician capabilities in that particular region thanks to the long-standing relationships between local physicians and West Coast Radiology.

This latest acquisition by RadNet is expected to close sometime this month. For further information about RadNet, please visit the

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