RadNet (NASDAQ: RDNT) — Company Overview, News & Financial Data
RadNet provides outpatient diagnostic imaging services in the U.S., focusing on high-quality and accessible healthcare solutions.
RadNet
RadNet is a provider of outpatient diagnostic imaging services in the United States. The company operates a network of outpatient imaging centers that perform magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology, and fluoroscopy. RadNet also develops and commercializes artificial intelligence software, healthcare information technology solutions, and radiology workflow management software under brands including DeepHealth and eRAD. In addition to operating standalone imaging centers, RadNet provides administrative and management services to healthcare systems, joint ventures, and medical groups across multiple states.
Snapshot
Operations
Products and/or services of RadNet
- Outpatient Imaging Centers: Operates 442 freestanding, fixed-site outpatient diagnostic imaging centers across eleven U.S. states, performing over 12 million procedures annually including magnetic resonance imaging, computed tomography, positron emission tomography, mammography, ultrasound, and X-ray exams.
- Artificial Intelligence Solutions: Develops AI software applications through its digital health division for screening, clinical decision support, and diagnostic triage, offering targeted algorithms for breast, lung, prostate, and neurological health imaging workflows.
- Technology Solutions: Delivers cloud-based radiology software and enterprise IT infrastructure through eRAD, providing radiology information systems, picture archiving and communication systems, image distribution platforms, and clinician workflow automation tools.
- Hospital Partnerships: Formulates joint ventures and co-management agreements with health systems, hospitals, and accountable care organizations to manage outpatient radiology facilities and streamline diagnostic imaging operations across regional care networks.
- Payor Solutions: Manages capitated reimbursement models, utilization reviews, and administrative services for health plans and medical groups, handling risk-based healthcare delivery and diagnostic scheduling for insured patient populations.
- Centers of Excellence: Operates specialized outpatient imaging facilities focused on advanced subspecialty diagnostics, integrating dedicated clinical protocols and specialized radiologist expertise for complex oncological, neurological, cardiovascular, and musculoskeletal imaging conditions.
RadNet executive team
- Howard G. BergerChairman, President & CEO
- Mark D. StolperExecutive VP & CFO
- Mital PatelExecutive VP & COO
- Norman R. HamesPresident & CEO of Western Operations
- Stephen M. ForthuberPresident & CEO of Eastern Operations
- Alma Gregory SorensenExecutive VP, Chief Strategy Officer & Director
- Susan HollabaughChief Information Officer
- David Jeffrey KatzExecutive VP, Chief Legal Officer & Corporate Secretary
- David ManheimSenior VP & Chief Compliance Officer
- Michael M. MurdockExecutive Vice President of Mergers & Acquisitions
Latest news about RadNet
DeepHealth receives FDA clearance for AI breast suite tools
United StatesRadNet lifts FY outlook as digital health revenue soars 52%
United StatesRadNet hits record $2B revenue mark as AI and advanced imaging surges
United StatesRadNet acquires Paris-based Gleamer to form global radiology AI powerhouse
United StatesRadNet targets $100 million boost with Southwest Florida expansion
United States
Key financials
Reported results for RadNet, in USD.
- Market cap
- 5.8B
- Revenue (TTM)
- 2.3B
- P/E ratio
- —
- EPS (diluted, TTM)
- -0.3
- Dividend yield
- —
- Profit margin
- -0.9%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 2B | 90.8M | -18.7M | |
| 1.8B | 104.6M | 2.8M | |
| 1.6B | 98.7M | 3M | |
| 1.4B | 46.4M | 10.7M |