RadNet Adds to its Imaging Center Network

January 12, 2011 — RadNet Inc., a provider of diagnostic imaging services with a network of 200 fully-owned and operated outpatient imaging centers, has acquired imaging centers in Brooklyn and Orchard Park, N.Y., from Presgar Imaging and affiliated entities for cash consideration of $2.2 million, plus the assumption of approximately $700,000 of debt.

Highway Imaging in Brooklyn and Parkland Diagnostic in Orchard Park are both multi-modality facilities, offering a combination of magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET)/CT, ultrasound, mammography, bone density and X-ray. The two centers should add approximately $7 million of revenue to RadNet on an annualized basis.

RadNet's core markets include California, Maryland, Delaware, New Jersey and New York. RadNet, through wholly owned subsidiaries, also offers radiology software solutions and teleradiology services to hospitals, radiology groups and other diagnostic imaging industry participants.

For more information: www.radnet.com