RadNet
{{Short description|Company}}
{{Infobox company
| name = RadNet
| logo = File:Logo (RadNet).jpg
| image =
| image_caption =
| type = Public
| traded_as = {{unbulleted list
|{{NASDAQ|RDNT}}
|S&P 600 Component
}}
| industry = {{unbulleted list|Medical care}}
| fate =
| predecessor =
| successor =
| founder = Howard Berger
| key_people = Dr. Howard Berger, Norman Hames, Stephen Forthuber
| defunct =
| area_served = United States
| production =
| services = {{unbulleted list|Medical care |Imaging}}
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner =
| num_employees = 11,000+
| parent =
| divisions =
| subsid = {{unbulleted list|RadNet Management, Inc}}
| caption =
| foundation = {{Start date and age|1981}}
| location_city = Los Angeles, United States
| location_country = U.S.
| locations =
| homepage = {{URL|radnet.com}}
}}
RadNet is an American radiology firm. The company operates outpatient 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.{{Cite web|url=https://www.radnet.com/about-radnet/overview|title=About RadNet – Company Overview|website=radnet.com|access-date=2025-04-10}}
History
RadNet was founded in 1981 as a small imaging center in Los Angeles.{{cn|date = April 2025}}
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 around diagnostic 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.The History of Workers' Compensation in California,
Rand Corporation,
Monograph reports
URL:https://www.rand.org/pubs/monograph_reports/MR919/mr919.sec2.html{{Cite web|url=http://www.diagnosticimaging.com/articles/primedex-explore-strategic-options|title=Primedex to explore strategic options {{!}} Diagnostic Imaging|website=www.diagnosticimaging.com|language=en|access-date=2018-06-24}}
In the early 2000s RadNet acquired smaller radiology firms.{{Cite web|url=https://www.radnet.com/about-radnet/news/primedex-health-systems-inc-announces-closing-of-acquisition-of-radiologix-inc|title=PRIMEDEX HEALTH SYSTEMS, INC. ANNOUNCES CLOSING OF ACQUISITION OF RADIOLOGIX, INC. {{!}} RadNet|website=www.radnet.com|language=en|access-date=2018-06-24}} The company repurchased its debt in 2005 and in 2006 worked with General Electric to secure a $450 million syndicated loan with which to continue its corporate acquisitions.{{Cite news|url=https://www.prweb.com/releases/2012/4/prweb9448876.htm|archive-url=https://web.archive.org/web/20120510202243/http://www.prweb.com/releases/2012/4/prweb9448876.htm|url-status=dead|archive-date=May 10, 2012|title=EB-5 Funds Stimulate Economic Growth, Creating High Paying Jobs For Murrieta|work=PRWeb|access-date=2018-06-24}} 2006 also saw RadNet and Primedex split their stock, resulting in RadNet becoming the official parent company and Primedex becoming a subsidiary.{{cn|date=April 2025}}
RadNet joined the S&P 600 in November 2019, replacing American newspaper provider Gannett Co.{{Cite web|title=Why RadNet Is Shooting Higher Today|url=https://www.fool.com/investing/2019/11/15/why-radnet-is-shooting-higher-today.aspx|last=Feroldi|first=Brian|date=2019-11-15|website=The Motley Fool|language=en|access-date=2020-05-22}}
Operations
RadNet acquires smaller imaging centers.{{Cite news|url=https://www.businesswire.com/news/home/20180227006186/en/Turner-Imaging-Systems-Announces-Closing-Seed-Investment|title=Turner Imaging Systems Announces Closing of Seed Investment Round|access-date=2018-06-24|language=en}}{{Cite news|url=https://www.radiologybusiness.com/topics/care-delivery/20-largest-outpatient-imaging-center-chains-consolidation-continues-hospital|title=The 20 Largest Outpatient-imaging Center Chains: Consolidation Continues, Hospital Alignment Takes Root|work=Radiology Business|access-date=2018-06-24|language=en}} The company has also begun to open new outpatient centers to work with existing healthcare networks.{{Cite news|url=https://www.businesswire.com/news/home/20180227006186/en/Turner-Imaging-Systems-Announces-Closing-Seed-Investment|title=Turner Imaging Systems Announces Closing of Seed Investment Round|access-date=2018-06-24|language=en}}{{Cite news|url=https://www.cbc.ca/news/canada/prince-edward-island/radnet-develops-hebrew-product-for-israeli-market-1.3178386|title=Israel new market for software developer {{!}} CBC News|work=CBC|access-date=2018-06-24|language=en-US}} RadNet acquired DeepHealth, a machine learning firm working to develop radiology artificial intelligence.{{Cite web|title=RadNet to acquire ‘leading’ artificial intelligence firm founded by former Siemens CEO|url=https://www.radiologybusiness.com/topics/artificial-intelligence/radnet-artificial-intelligence-siemens-deephealth|website=www.radiologybusiness.com|language=en|access-date=2020-05-22}}