RadNet To Expand Into Medical Imaging Business By Acquiring eRAD

RadNet, Inc, National outpatient imaging center operator based in Los Angeles, has acquired Image Medical Corporation, the parent company of eRAD, Inc., for $10.75 million in cash and promissory notes. This acquisition emphasizes an increasing trend of incorporation in the medical imaging business; earlier this month, Carestream Health announced its integration with Quantum Medical Imaging, in addition Merge Healthcare recently acquired PACS competitor, Amicas. RadNet currently operates 191 outpatient imaging centers in the U.S. eRAD, a PACS and medical informatics company based in Greenville, South Carolina, supports more than 250 hospitals and teleradiology businesses.