RadNet Signs Definitive Deal To Purchase Assets Of Six Imaging Centers In The Greater Houston, Texas Metropolitan Area; No Terms Disclosed
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RadNet has signed a definitive agreement to acquire assets of six imaging centers in the Greater Houston, Texas area, currently operating under the American Health Imaging brand. This acquisition, expected to close by the end of Q2 2024, will increase RadNet's presence in Houston to 13 centers. The centers offer services like MRI, CT, mammography, ultrasound, and x-ray. Post-acquisition, the centers will be rebranded to Houston Medical Imaging. RadNet expects the acquisition to add over 100,000 procedures and $15 million in annual revenue.
April 10, 2024 | 10:01 am
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POSITIVE IMPACT
RadNet's acquisition of six imaging centers in Houston is expected to significantly expand its operational footprint and revenue in the region, adding over 100,000 procedures and $15 million in annual revenue.
The acquisition is directly related to RadNet's expansion strategy and is expected to have a positive impact on its financial performance by significantly increasing its annual revenue and procedure volume in the Houston area. The addition of six centers, expanding RadNet's presence to 13 centers, indicates a strong commitment to growth in this region. The financial details, such as the expected addition of $15 million in annual revenue, provide a clear indicator of the acquisition's potential positive impact on RadNet's bottom line.
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