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NightHawk Radiology Holdings, Inc. (Nasdaq: NHWK), the leading provider of radiology services and workflow solutions to radiologists and hospitals throughout the United States, today announced the acquisition of Teleradiology Diagnostic Service, Inc. ("TDS"), a California-based provider of off-hours teleradiology services. TDS is a leading provider of off-hours teleradiology services on the West Coast, providing services to hospitals throughout California, the largest market in the U.S.

"We are pleased to significantly expand our presence in California. Together with TDS, we believe that we are now the largest provider of off- hours teleradiology services in that state," said Dr. Paul Berger, NightHawk's Chairman and Chief Executive Officer. "We are also excited to add TDS's outstanding radiologists to our team. TDS is renowned for its quality of service and customer retention, both of which are cornerstones of NightHawk's success."

Following the acquisition, TDS will operate as a subsidiary of NightHawk Radiology Holdings, Inc., and Dr. Wilson Wong, Chief Executive Officer and President of TDS, will continue to lead TDS's operations.

"We are excited about this opportunity to become part of NightHawk's outstanding team," said Dr. Wong. "With NightHawk's reputation, resources and industry-leading technology, we are confident that this partnership will enhance the practices of our radiology group customers and the quality of patient care throughout California."

NightHawk paid cash for TDS and expects the transaction to be accretive to earnings per share in 2007.