Physician Owned USTeleradiology, LLC, Gains Momentum and Market Share with the Acquisition of University Nighthawk Partners

ATLANTA, April 29 /PRNewswire/ -- Entering the increasingly competitive field of Teleradiology mergers and acquisitions, Atlanta's USTeleradiology, LLC, a premium provider of offsite radiology services including day, evening, night, weekend and holiday preliminary reports, final reads, and QA services is excited to announce the acquisition of University Nighthawk Partners, LLC.

University Nighthawk Partners, LLC, also known as Nighthawk Pros located in Roysford, Pennsylvania, provides after-hours preliminary reports to hospitals throughout the United States. This acquisition will allow USTeleradiology to leverage Nighthawk Pros' physicians, licenses, technology and distributive workflow processes against its current Teleradiology Center- based platform.

The acquisition of Nighthawk Pros, taken along with the launch of USTeleMammography, LLC, in 2006, of which USTeleradiology owns a majority interest, will take USTeleradiology's projected annual revenue into the $11-12M range for 2008. Taken together, these entities serve close to one hundred facilities across the United States, with a combined daily volume in the 750-900 study range.

Nighthawk Pros will continue to be lead by its founding physician and current CEO, Maheep Goyal, MD, while Dr. Frank Ferraro continues to steer USTeleradiology on its current course of expansion through organic growth and the continued pursuit of an acquisition strategy involving likeminded regional and national Teleradiology operations. The three entities will initially operate separately with some shared management and operations allowing them to take advantage of their individual strengths, achieving economies of scale and eliminating costly redundancies. The entities will continue to seamlessly converge on certain accounts where any combination of nighttime preliminary reports, daytime final reads, mammography services, and/or QA services are simultaneously required.

Physician-owned and operated USTeleradiology prides itself on first class, high-touch, cost-effective teleradiology services. IT and Management are on call 24/7/365 to resolve issues in real time and UST's Radiologists communicate directly with the ER or referring physicians on all studies as requested by the client. USTeleradiology employs a proprietary RIS product called TORO (Telecenter Operations / Radiologist Operations) to deliver accurate, type-written reports to multiple recipients simultaneously on the letterhead requested by the client. USTeleradiology's goal is to become an extension of the client's practice or facility providing subspecialty depth and physician bench strength for any and all diagnostic radiology services with an emphasis on after-hours services and difficult to read, sought after subspecialties such as Mammography and MRI.

To learn more about USTeleradiology, USTeleMammography, or Nighthawk Pros, please contact Mark Stevens direct at 404-870-2809 or via e-mail at [email protected]

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SOURCE USTeleradiology, LLC