MERGERS & ACQUISITIONS

RadNet acquires six L.A. imaging centers for nearly $10M

Written by Editorial Staff   
Fri, Feb 29 2008

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Radiology IT Strategies: Differentiating Care
RadNet, a provider of diagnostic imaging services through a network of owned and operated outpatient imaging centers, has signed a definitive agreement to purchase the assets of six Los Angeles imaging centers from InSight Health for $8.5 million.

The cash purchase price will be funded by a portion of the incremental term loan provided by GE Healthcare Financial Services.

The centers that RadNet will acquire include InSight’s centers in Simi Valley, Thousand Oaks, Westlake, Encino, Van Nuys and Valencia, all located in California. The facilities operate a combination of imaging modalities, including MRI, CT, x-ray, ultrasound and mammography.