15) The denominator of equation (4) is a tax-adjusted RADR analogous to Fairley's (1979) tax-adjusted underwriting margin.
Any defensible cost of capital or RADR formula could be used.
To simplify the notation and facilitate comparison with prior work, the remainder of the article adheres to the convention of risk-free investment and the standard CAPM-based RADR.
Operations at PMD have begun the transformation to digital radiography, and RADR was the first all-digital provider in Colorado.
Dan Greenewald, president of RADR, commented: "This combination is win-win for our customers, employees and for the healthcare community in Colorado.
Inquiries about the transaction can be directed to Max Steinhardt, CFO/CAO of RADR, who can be reached at 303-380-2888 or max@radr.