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RadNet , Inc. acquired three multi-modality facilities from the Sonix Medical Resources, Inc. bankruptcy proceeding in New York.

RadNet, Inc., a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 185 fully-owned and operated outpatient imaging centers, reported it has acquired three multi-modality facilities from the Sonix Medical Resources, Inc. bankruptcy proceeding in New York.

RadNet paid $2,250,000 for the three facilities which currently produce approximately $7 million of combined annual revenues. The facilities located in Brooklyn, New York, Chatham, New Jersey and Haddon Heights, New Jersey operate a combination of MRI , CT , mammography , ultrasound , fluoroscopy , x-ray and related modalities.

Dr. Howard Berger, President and Chief Executive Officer of Radnet noted, "I believe the opportunity to purchase these centers out of a bankruptcy proceeding is the result of the financial and reimbursement pressure our industry is enduring, which is particularly felt by smaller, less-capitalized operators. The two facilities in New Jersey will enhance our growing presence in the Northern part of the state, a market which we entered last year. These facilities further our goal of expanding and strengthening our regional network of New Jersey multimodality centers."

Dr. Berger added, "We are equally excited about the acquisition of the Brooklyn facility, our first purchase in any borough of New York City. The acquisition provides us an opportunity to work with the Maimonides Medical Center's radiology group, an association we will look to expand further in the Brooklyn marketplace."

Source: RadNet, Inc.