RadNet, Inc. Acquires Equity Stake in Medic Vision
June 20, 2017, Los Angeles, CA and Tirat Carmel, Israel:
RadNet, Inc. (NASDAQ: RDNT), the national leader in providing high-quality, cost-effective diagnostic imaging services and Medic Vision Imaging Solutions, Ltd., the leading innovator of vendor-independent solutions for low-dose CT exams, announced today that RadNet has acquired an equity stake in Medic Vision.
This investment comes after both parties announced last summer that RadNet will use Medic Vision's CT Dose reduction and management and XR-29 compliance products in numerous facilities. The companies also added that they will join forces in the development and validation of Medic Vision’s future products.
“We are highly impressed by the quality of the technology, products and services that Medic Vision provides, as well as the company's roadmap for future offerings,” said Dr. Howard Berger, CEO, RadNet. “We identified the significant technical progress and leadership Medic Vision has demonstrated throughout the years, and believe that combined with our experience, knowledge and expertise, Medic Vision can accelerate its growth and innovation,” added Dr. Berger.
“Since we started collaborating with RadNet, we recognized the importance and effectiveness of our products and services to RadNet’s services and to that of the rest of the imaging industry,” explained Eyal Aharon, CEO, Medic Vision.
“We are honored to have a leading company like RadNet as a shareholder. The trust and confidence RadNet has shown in our products and services build a strong foundation for future product development,” Aharon concluded.
# # #
About RadNet, Inc.
RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 298 owned and/or operated outpatient imaging centers. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. For more information: http://www.radnet.com.
Mark Stolper, Executive Vice President and CFO
# # #
About Medic Vision
Medic Vision Imaging Solutions, Ltd. is a leading provider of cost-effective, vendor-independent image enhancement and dose management solutions for CT exams. Its products are in routine clinical use at major hospitals and imaging centers nationwide. The company's SafeCT® product suite provides compliance with the latest regulatory requirements and initiatives related to CT radiation. Visit http://medicvision.com.
Eli Rosenberg, Medic Vision