RadNet closes on nine-center purchase

Imaging services provider RadNet has completed its purchase of nine New Jersey imaging centers from Medical Resources.

The Los Angeles-based firm paid $2.1 million for the centers. Simultaneously, RadNet sold South Jersey MRI, the only acquired facility located in southern New Jersey, for $650,000 to Tristate Imaging. Some legacy image management systems were also included in that deal.

Also, RadNet said will sell a building it acquired in Union, NJ, as part of the purchase.

Related Reading

RadNet posts good Q1 numbers, May 11, 2009

RadNet to buy 10 centers, April 20, 2009

RadNet posts Q2 loss despite revenue gains, August 11, 2008

RadNet acquires Delaware imaging center, July 23, 2008

RadNet revenues grow as net loss rises, April 1, 2008

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