Diagnostic imaging company RadNet (NasdaqGM:RDNT) disclosed on Tuesday the completion of the acquisition of New York Radiology Partners (NYRP) of Manhattan, New York for a purchase price of USD34m.
The company said that the purchase price includes the assumption of approximately USD4.0m of debt of NYRP.
Since 1972, NYRP has been an operator in New York City and was the first free-standing operator in Manhattan and the surrounding boroughs to have been designated Diagnostic Imaging Centers of Excellence by the American College of Radiology.
"NYRP has created green spaces in underserved communities for nearly two decades, and what we know is that trees, gardens and open space do much more than beautify neighborhoods--they transform lives," said Deborah Marton, executive director of New York Restoration Project.
According to NYRP, the South Bronx' heavy industrial uses and highway clusters have also led to increased pedestrian injuries, resulting in more emergency room visits.
Additionally, NYRP is currently working with Haven Project Lead Sponsor Health-first and Sportime, operator of the Randall's Island Tennis Center that provides Bronx and East Harlem youth with free tennis instruction and scholarships, to pilot a free shuttle bus program using Sportime vehicles that will provide a safe transportation alternative for Mott Haven and Port Morris residents to navigate the disconnected and dangerous crossings that lead to NYC EDC's Randall's Island Connector.
At the NYRP
's pickup locations, which are listed online at www.nyrp.org/ MillionTreesNYC, NYRP
representative will be on site will explain how to plant and care for the tree.
The Parks Department and NYRP
will work with community partners as it assesses tree planting opportunities at places like schoolyards, public housing campuses, health care facilities, business districts, commercial and residential developments, front yards and other private lands.
NYRP previously occupied approximately 3,000 s/f at 31 West 56th Street, a townhouse which was recently sold.
Debra Wollens, director, Colliers ABR, represented NYRP in the transaction.
NYRP works through a public/private partnership that since its inception has restored over 375 acres of parkland throughout the city, removed more than 75,000 tons of debris, created a new park and the Peter Jay Sharp floating boathouse on the Harlem River, served thousands of students with environmental education programs, helped protect 114 community gardens, purchased and maintained nearly half the sites, and assisted with beautification efforts along the Henry Hudson Parkway.
The Governor made the announcement as he joined NYRP's Bette Midler, columnist Liz Smith, State and city officials and more than 300 guests at a ribbon-cutting ceremony held directly across the river for the new Peter Jay Sharp Boathouse at Swindler Cove Park.