RadNet, Inc. acquired Houston Medical Imaging, LLC for $29 million.
February 27, 2024
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RadNet, Inc. (NasdaqGM:RDNT) signed a definitive agreement to acquire Houston Medical Imaging, LLC on February 16, 2024. Closing of the acquisition is anticipated to occur during the second quarter, 2024.
RadNet, Inc. (NasdaqGM:RDNT) completed the acquisition of Houston Medical Imaging, LLC for $29 million on February 16, 2024.
RadNet, Inc. is a national provider of fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. It has a network of 366 owned and/or operated outpatient imaging centers. The Companyâs Imaging Center segment provides physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Its services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. The Companyâs Artificial Intelligence (AI) segment develops and deploys clinical applications to enhance interpretation of medical images and improve patient outcomes with an emphasis on brain, breast, prostate and pulmonary diagnostics. The Company, through its joint ventured Arizona Diagnostic Radiology Group, LLC, owns seven outpatient imaging centers.