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Slide #89. RadNet, Inc. — Lenox Hill Radiology
RadNet, Inc. (NASDAQ:RDNT)
Lenox Hill Radiology
RadNet, Inc., a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 236 owned and operated outpatient imaging centers, today reported effective December 31st, 2012 it acquired Lenox Hill Radiology of Manhattan, New York for approximately $30.3 million, which includes the assumption of approximately $1.2 million of debt.
RadNet is a provider of freestanding, fixed-site outpatient diagnostic imaging services. Co. operates centers located in California, Delaware, Florida, Maryland, New Jersey, and New York. Co.'s centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Co.'s services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. In addition to its imaging services, Co.'s subsidiary, eRAD, Inc., develops and sells computerized systems for the imaging industry.
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Strong Buy (3.67 out of 4)
(ranked higher than approx. 71% of all stocks covered)
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