February 13, 2007—NightHawk Radiology Holdings Inc, Coeur d’Alene, Idaho, announced yesterday that it will acquire Arcadia, Calif-based Teleradiology Diagnostic Service Inc (TDS). TDS provides off-hours teleradiology to hospitals throughout California.
“We are pleased to significantly expand our presence in California,” said NightHawk CEO Paul Berger, MD. “Together with TDS, we believe that we are now the largest provider of off-hours teleradiology services in that state.”
NightHawk paid cash for TDS and expects the transaction to become accretive to earnings per share this year. After the acquisition, TDS will operate as a subsidiary of NightHawk under the continued leadership of CEO Wilson Wong, MD.