RadNet Buys Valley Imaging Centers

0

RadNet Inc. said Tuesday that it has acquired the assets of six Los Angeles-area imaging centers from InSight Health Corp. of Lake Forest for $8.5 million in cash.


The purchase comprises InSight’s centers in Simi Valley, Thousand Oaks, Westlake Village, Encino, Van Nuys and Valencia. The facilities perform imaging, MRI, CT, X-ray, Ultrasound and Mammography services. The acquisition is expected to close next month.


Los Angeles-based RadNet, which provides diagnostic imaging services, said in a statement that the purchase will be partly funded by a loan provided by GE Healthcare Financial Services and added that the operations have combined annual sales exceeding $10 million.


RadNet also acquired Liberty Pacific Imaging Center for $2.8 million in October.


Shares in RadNet gained 5.5 percent to $8.09 in early trading Tuesday on the Nasdaq.

No posts to display