RadNet Completes Acquisition of Truxtun
Truxtun operates four multi-modality facilities in Bakersfield, a Metropolitan Statistical Area with a population exceeding 800,000 residents in Kern County, California. Truxtun provides services including MRI, CT, PET/CT, mammography, nuclear medicine, fluoroscopy, ultrasound, x-ray and related procedures.
Howard Berger, president and CEO of RadNet, said: “We are very excited to welcome the many outstanding employees of Truxtun into the RadNet organization. We believe that Truxtun will be a platform from which we can further grow in Bakersfield and surrounding areas in the Central Valley of California.
“Our recently completed financing transaction has positioned us with the financial flexibility and capability to capitalize on other similar opportunities in this and other markets. While we continue to pursue multi-modality assets in the markets in which we currently operate, we remain disciplined with respect to paying purchase multiples that are at or below RadNet's current leverage ratio.”
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