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RadNet

From Wikipedia, the free encyclopedia
Company
RadNet
Company typePublic
Industry
  • Medical care
Founded1981; 44 years ago (1981)
FounderHoward Berger
Headquarters,
U.S.
Area served
United States
Key people
Dr. Howard Berger, Norman Hames, Stephen Forthuber
Services
  • Medical care
  • Imaging
Number of employees
11,000+
Subsidiaries
  • RadNet Management, Inc
Websiteradnet.com

RadNet is an Americanradiology firm. The company operatesoutpatient diagnostic imaging services. Headquartered in Los Angeles, California, RadNet is the largest operator of freestanding, fixed-site diagnostic imaging centers in the United States, based on the number of locations and annual imaging revenue. As of 2025, the company owns and/or operates over 400 imaging centers across Arizona, California, Delaware, Florida, Maryland, New Jersey, New York, and Texas.[1]

History

[edit]

RadNet was founded in 1981 as a small imaging center inLos Angeles.[citation needed]

In 1992 the company was bought by Primedex Health Systems, a California-based management company that catered to small medical clinics. Many of the company's new initiatives were centered arounddiagnostic imaging services, which were managed by RadNet. By the end of the 1990s, RadNet had replaced Primedex as the parent company, with many of Primedex's assets being folded into subsidiaries of RadNet.[2][3]

In the early 2000s RadNet acquired smaller radiology firms.[4] The company repurchased its debt in 2005 and in 2006 worked withGeneral Electric to secure a $450 millionsyndicated loan with which to continue itscorporate acquisitions.[5] 2006 also saw RadNet and Primedexsplit their stock, resulting in RadNet becoming the official parent company and Primedex becoming a subsidiary.[citation needed]

RadNet joined the S&P 600 in November 2019, replacing American newspaper providerGannett Co.[6]

Operations

[edit]

RadNet acquires smaller imaging centers.[7][8] The company has also begun to open new outpatient centers to work with existinghealthcare networks.[9][10] RadNet acquired DeepHealth, a machine learning firm working to develop radiology artificial intelligence.[11]

References

[edit]
  1. ^"About RadNet – Company Overview".radnet.com. Retrieved2025-04-10.
  2. ^The History of Workers' Compensation in California,Rand Corporation,Monograph reportsURL:https://www.rand.org/pubs/monograph_reports/MR919/mr919.sec2.html
  3. ^"Primedex to explore strategic options | Diagnostic Imaging".www.diagnosticimaging.com. Retrieved2018-06-24.
  4. ^"PRIMEDEX HEALTH SYSTEMS, INC. ANNOUNCES CLOSING OF ACQUISITION OF RADIOLOGIX, INC. | RadNet".www.radnet.com. Retrieved2018-06-24.
  5. ^"EB-5 Funds Stimulate Economic Growth, Creating High Paying Jobs For Murrieta".PRWeb. Archived fromthe original on May 10, 2012. Retrieved2018-06-24.
  6. ^Feroldi, Brian (2019-11-15)."Why RadNet Is Shooting Higher Today".The Motley Fool. Retrieved2020-05-22.
  7. ^"Turner Imaging Systems Announces Closing of Seed Investment Round". Retrieved2018-06-24.
  8. ^"The 20 Largest Outpatient-imaging Center Chains: Consolidation Continues, Hospital Alignment Takes Root".Radiology Business. Retrieved2018-06-24.
  9. ^"Turner Imaging Systems Announces Closing of Seed Investment Round". Retrieved2018-06-24.
  10. ^"Israel new market for software developer | CBC News".CBC. Retrieved2018-06-24.
  11. ^"RadNet to acquire 'leading' artificial intelligence firm founded by former Siemens CEO".www.radiologybusiness.com. Retrieved2020-05-22.
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