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Biotech / Medical : NightHawk Radiology

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From: JakeStraw	7/19/2007 2:11:17 PM
	of 11

NightHawk Buys 2 St. Paul Divisions biz.yahoo.com Monday July 16, 5:56 pm ET NightHawk Closes Buyout of 2 Divisions of St. Paul Radiology COEUR D'ALENE, Idaho (AP) -- NightHawk Radiology Holdings Inc. said Monday it acquired two divisions of St. Paul Radiology PA for $62.5 million and a warrant to purchase 300,000 shares of stock. NightHawk, a radiology services company, bought St. Paul's business division Midwest Physician Services LLC and off-hours teleradiology division, Emergency Radiology Services LLC. The new business division will be marketed to new and old customers as NightHawk Business Services, the company said. The new unit will provide services including facilities and human resources management, transcription and other services. NightHawk expects the new business division to contribute earnings of roughly a penny to 2 cents per share on revenue of $8 million to $9 million for the remainder of 2007. In 2008, NightHawk expects the businesses to contribute 6 cents to 7 cents in per-share adjusted earnings, and revenue of $16 million to $18 million.

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