SOURCE: ONRAD, Inc.

April 10, 2013 21:00 ET

ONRAD, Inc. Acquires Shafaie Enterprises, LLC

California-Based National Radiology Company Adds New Subspecialty Practice

RIVERSIDE, CA--(Marketwired - Apr 10, 2013) - ONRAD, Inc., a full service radiology provider, announced the acquisition of Shafaie Enterprises, LLC of Chicago, IL. With the addition of Dr. Shafaie and his practice, ONRAD further extends its presence in the Midwest imaging market by adding a number of new Orthopedic, ENT, Urology, and free-standing imaging facilities to its existing outpatient radiology service line.

"ONRAD was an exceptional fit for our practice given their familiarity and expertise in delivering high quality radiology interpretations," stated Dr. Farid Shafaie. "Their model of leveraging 24 hour access to sub-specialty interpretations in both the hospital and outpatient settings directly coincides with our model, and having access to a team of radiologists and infrastructural support, lets us focus on providing each of our clients with the quality and attention they deserve."

"Dr. Shafaie's organization is an excellent complement to the existing services already offered by ONRAD," said Dave Willcutts, CEO of ONRAD. "With this acquisition we have not only added new customers, but clinical depth and leadership as well. Partnership opportunities such as this one help to continue to position ONRAD as a viable radiology solution for its current and future partners as they seek to grow and manage their practices during these challenging times."

About ONRAD

ONRAD, Inc. is a full service radiology services provider headquartered in Riverside, CA. As a partner to its customers, ONRAD can complement and expand the radiology services already in place, or provide a more comprehensive full-service solution. The company provides on-site radiology, subs-specialty interpretations, after-hours teleradiology, RIS/PACS support, as well as final and preliminary radiology reports. All studies are read by US-base, Board Certified radiologists. For more information, visit www.onlineradiology.com.

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