RadNet says it intends to acquire Truxtun, Health Diagnostics

(DIAGNOSTIC IMAGING) -- Los Angeles-based firm RadNet announced on March 15 it entered into letters of intent to acquire Truxtun Radiology Medical Group and the New Jersey operating subsidiary of Health Diagnostics. Health Diagnostics has four locations in New Jersey: Edison, Freehold, Green Brook, and Old Bridge.

In their quarterly report, RadNet says it expects the cash consideration for the acquisitions will be approximately $24.5 million, plus 375,000 shares of common stock.

On the day of the announcement RadNet’s stock price closed 19 cents higher at $3 per share.

The acquisitions are not the only ones this year. On Jan. 1 RadNet acquired Union Imaging Center in N.J.

Read more at Diagnostic Imaging:
http://www.diagnosticimaging.com/news/display/article/113619/1545802