RadNet (RDNT) Tops Q2 EPS by 7c, Miss on Revenues; Reaffirms FY17 Revenue Guidance Below Consensus

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Go back to RadNet (RDNT) Tops Q2 EPS by 7c, Miss on Revenues; Reaffirms FY17 Revenue Guidance Below Consensus

RadNet (RDNT) Reports Acquisition of Diagnostic Imaging Associates of Delaware

August 8, 2017 6:19 AM EDT

RadNet (NASDAQ: RDNT) today reported it acquired Diagnostic Imaging Associates (DIA), RadNets principal non-hospital outpatient competitor in Delaware. The acquisition should provide RadNet with approximately $14 million of additional revenue on an annual basis and transforms RadNet into the clear non-hospital based outpatient imaging leader in Delaware.

Founded in 1984, DIA owns and operates seven imaging centers in Northern Delaware and performs approximately 85,000 imaging procedures per year, including MRI, CT, Ultrasound,... More