NightHawk acquires Radlinx
NightHawk Radiology Holdings has acquired the Radlinx Group, a Texas-based teleradiology provider. The Radlinx acquisition totaled $53 million and is expected to add from $17-$19 million in revenues for NightHawk during the remainder of 2007.
"The acquisition significantly expands our core off-hours business, strengthens our partnerships with radiology groups to help grow our final interpretation and sub-specialty business, and extends our capability of providing radiology solutions and improving patient care with such a strong presence of doctors located domestically," said Paul Berger, PhD, chairman and CEO, NightHawk.
The Radlinx Group has a 303-hospital customer base and will boost NightHawk's overall client number to 1,300 hospitals nationwide, representing 24 percent of all U.S. hospitals. The move also follows the company’s purchase of California-based Teleradiology Diagnostic Service.
"The strategic acquisition of the Radlinx Group, with their doctors located across the U.S., should help alleviate concerns the industry may have about Medicare interpretations being performed outside the U.S.," said Tim Mayleben, executive VP and COO, NightHawk. "While we continue to capitalize on the efficiencies of our centralized approach to interpreting radiological procedures, we are also able to utilize our proprietary workflow to seamlessly distribute images to our U.S.-based doctors."