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 company’s website at www.radnet.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
