RadNet completes acquisition of Imaging On Call

RadNet, Inc. (Nasdaq:RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 198 fully-owned and operated outpatient imaging centers, today reported it has completed the previously announced acquisition of Imaging On Call, LLC.

In December 2010, the Company executed a definitive agreement to acquire Imaging On Call, a premier provider of high quality, cost effective emergent and non-emergent daytime and nighttime teleradiology interpretations delivered to radiology groups, hospitals and imaging centers. Imaging On Call's offerings include preliminary, final and subspecialty coverage over a range of imaging modalities including CT, MRI, Ultrasound, Nuclear Medicine and X-ray. Imaging On Call currently contracts with hospital-based and non-hospital based radiology groups, hospitals, imaging centers and research foundations, to whom it provides remote interpretation of diagnostic imaging exams.

"We are very excited to welcome the outstanding employees of Imaging On Call into the RadNet organization. Imaging On Call represents a new business line for RadNet, and I look forward to teleradiology becoming part of our portfolio of solutions supporting our strategies related to partnering with hospitals and Accountable Care Organizations," said Dr. Howard Berger, President and Chief Executive Officer of RadNet.