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NightHawk Radiology Holdings, Inc. Announces Fourth Quarter and Full-Year 2007 Results; Updates 2008 Guidance
Date:2/13/2008

COEUR D'ALENE, Idaho, Feb. 13 /PRNewswire-FirstCall/ -- NightHawk Radiology Holdings, Inc. (Nasdaq: NHWK), the leading provider of radiology solutions to radiology groups across the United States, today announced financial results for its fourth quarter and full year ended December 31, 2007.

2007 Highlights

-- Full year revenues grew 65% to $151.7 million from $92.2 million for

the full-year 2006. Organic revenue grew $21.4 million, or 23%

year-over-year, while acquisitions contributed an additional

$38.1 million of revenue for the full year.

-- New service offerings represented 15% of total revenue, or

$22.4 million, including final interpretations at 8% of total revenue,

or $12.1 million, and business services at 7% of total revenue, or

$9.9 million.

-- The company completed and integrated three acquisitions: Teleradiology

Diagnostic Service, Inc. (TDS) in February, Radlinx Group, Ltd. in

April, and Midwest Physician Services, LLC in July. Through these

acquisitions, NightHawk increased its market share and the number of

affiliated radiologists providing professional interpretations, and

expanded its service offerings to include business services such as

revenue cycle management, accounting and financial management, and

transcription and records management. NightHawk provides the broadest

suite of integrated radiology solutions available.

-- The company ended the year providing services to nearly 1,500 sites,

representing approximately 26% of all hospitals in the United States.

-- Importantly, the company achieved 33% adjusted EBITDA margins for the


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SOURCE NightHawk Radiology Holdings, Inc.
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