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RadNet, Inc. (RDNT)

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14.51-0.46 (-3.07%)
At close: 4:00PM EDT
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Previous close14.97
Open14.97
Bid14.16 x 1100
Ask15.80 x 1000
Day's range14.31 - 15.10
52-week range5.81 - 23.45
Volume148,548
Avg. volume209,261
Market cap748.35M
Beta (5Y monthly)1.46
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
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Press releases
  • RadNet, Inc. Announces Date of its Third Quarter 2020 Financial Results Conference Call
    GlobeNewswire

    RadNet, Inc. Announces Date of its Third Quarter 2020 Financial Results Conference Call

    LOS ANGELES, Oct. 30, 2020 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and operated outpatient imaging centers, announced today that it will host a conference call to discuss its third quarter 2020 financial results on Monday, November 9th, 2020 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time). Investors are invited to listen to RadNet’s conference call by dialing 866-248-8441. International callers can dial 786-204-3966. There will also be simultaneous and archived webcasts available at http://public.viavid.com/index.php?id=142324. An archived replay of the call will also be available and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for international callers, and using the passcode 9769738.About RadNet, Inc. RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 332 owned and/or operated outpatient imaging centers. RadNet's core markets include California, Maryland, Delaware, New Jersey and New York. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 8,600 employees. For more information, visit http://www.radnet.com.CONTACTS:RadNet, Inc. Mark Stolper Executive Vice President and Chief Financial Officer 310-445-2800

  • RadNet Creates an Operating Platform in Phoenix, Arizona through a New Joint Venture with Dignity Health/CommonSpirit Health
    GlobeNewswire

    RadNet Creates an Operating Platform in Phoenix, Arizona through a New Joint Venture with Dignity Health/CommonSpirit Health

    LOS ANGELES, Oct. 27, 2020 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services today reported it has expanded operations into Arizona by establishing its third outpatient radiology joint venture with CommonSpirit Health and completing the acquisition of AZ Tech MRI & Radiology, an eight location multimodality radiology practice. The Phoenix, Arizona venture expands the existing commitment of RadNet and Dignity Health, which is part of CommonSpirit Health, to provide high-quality imaging services to targeted medical communities and patient populations. With this new joint venture, to be known as Arizona Diagnostic Radiology Group, RadNet has established an operating platform in the Phoenix metropolitan area, a rapidly growing market and home to almost five million people. Under the joint venture, RadNet and Dignity Health will develop a network of multi-modality outpatient imaging centers, expanding the geographic coverage of the acquired locations through a combination of new site development and acquisition of existing radiology providers. This network of centers will provide high quality, accessible imaging services in and around the communities served by the Dignity Health hospitals and medical group practices in the Phoenix area. The imaging locations provide multimodality radiology including MRI, CT, Mammography, PET/CT, Ultrasound, X-ray, and Nuclear Medicine.Dr. Howard Berger, Chairman and Chief Executive Officer of RadNet, noted, “We are pleased to announce both our entrance into a new geographic market and the expansion of our relationship with Dignity Health. In 2016, we began our partnership with Dignity Health, which we have expanded and grown in California. We are now moving our relationship with Dignity Health into Arizona, where we will continue to grow our shared vision and operating strategy for outpatient diagnostic imaging. Dignity Health is a leading health system in Phoenix, and operates multiple hospitals, medical groups, and specialty care locations in that marketplace from which we can leverage our operations. I’m certain that the Dignity Health relationships and outreach into the local communities will bring great value to the newly created partnership.”Dr. Berger added, “RadNet’s strategy continues to be one that leverages geographic concentration and densely clustered facilities where we can benefit from scale, operating efficiencies, organic expansion and accretive acquisitions. The platform which we now have established in Phoenix exemplifies all these characteristics and is further enhanced by the involvement and support of our joint venture partner, Dignity Health. We are committed to the greater Phoenix marketplace and have already identified opportunities to expand our capacity and footprint.“Dignity Health is excited to work with RadNet in Arizona. Our presence in Phoenix, which includes six acute care hospitals and approximately 40 joint ventures, positions our partnership for success. Dignity Health’s commitment to the Phoenix healthcare marketplace is exemplified by our enthusiasm to grow diagnostic imaging to serve our valued patients and physicians,” added Jeff O’Malley, CommonSpirit Health’s System Vice President, Strategic Growth & Governance.About RadNet, Inc.RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 332 owned and/or operated outpatient imaging centers. RadNet's core markets include California, Maryland, Delaware, New Jersey, New York, and now Arizona. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of over 8,600 employees. For more information, visit http://www.radnet.com.About Dignity Health in Arizona Dignity Health in Arizona includes six acute care hospitals: Chandler Regional Medical Center, Mercy Gilbert Medical Center, St. Joseph’s Hospital and Medical Center, St. Joseph's Westgate Hospital, Arizona General Hospital - Laveen and Arizona General Hospital - Mesa.  From this foundation, Dignity Health in Arizona has expanded into a comprehensive health care system, which includes clinics, specialty hospitals, urgent cares, insurance providers, an accountable care organization and other clinical partnerships. The Dignity Health Medical Group includes hundreds of physicians in Arizona and a wide range of specialties. Dignity Health in Arizona is part of CommonSpirit Health, one of the nation’s largest health care systems.CONTACTS: RadNet, Inc. Mark Stolper, 310-445-2800 Executive Vice President and Chief Financial Officer

  • RadNet and Adventist Health Form a Joint Venture in Simi Valley, California
    GlobeNewswire

    RadNet and Adventist Health Form a Joint Venture in Simi Valley, California

    LOS ANGELES, Oct. 20, 2020 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services today reported it has executed a partnership agreement with Adventist Health to create an outpatient imaging joint venture in Simi Valley, California to initially include three outpatient facilities. Under the new joint venture, RadNet will contribute two of its Simi Valley imaging Centers, Alamo Advanced Imaging and Simi Valley Advanced Imaging, and Adventist Health will contribute its Aspen Imaging Center. The facilities will together operate MRI, CT, PET/CT, Ultrasound and X-ray modalities.In addition, RadNet will assume the operational management of Adventist Health’s Nancy Reagan Breast Center, which will perform mammography, breast ultrasound, imaging-guided biopsies and related women’s health services.Simi Valley, California has a population of approximately 125,000 and is located in the southeast corner of Ventura County, approximately 40 miles from downtown Los Angeles. The joint venture is expected to begin operations no later than January of 2021.Dr. Howard Berger, Chairman and Chief Executive Officer of RadNet, noted, “We are pleased to announce our new affiliation with Adventist Health, one of the largest health systems on the west coast of the continental United States and Hawaii. Together, both companies have identified an exciting opportunity in the Simi Valley marketplace, a medical community were Adventist Health’s commitment includes the ownership of the leading hospital, an urgent care center, a clinical laboratory, homecare services and various family and specialty physician practices. Aligning with such a high-quality and devoted partner will enhance the service offerings to the referring physician and patient communities of Simi Valley.”“Adventist Health is pleased to partner with RadNet, the nation’s leading outpatient radiology provider. Our joint venture will advance our imaging capabilities in the region and will provide our medical community with an integrated radiology network offering the full scope of imaging services,” added Jennifer Swenson, President, Adventist Health Simi Valley.About RadNet, Inc.RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 332 owned and/or operated outpatient imaging centers. RadNet's core markets include California, Maryland, Delaware, New Jersey, New York, and now Arizona. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of over 8,600 employees. For more information, visit http://www.radnet.com.About Adventist HealthAdventist Health is a faith-based, nonprofit integrated health system serving more than 80 communities on the West Coast and Hawaii. Founded on Seventh-day Adventist heritage and values, Adventist Health provides care in hospitals, clinics, home care agencies, hospice agencies, and joint-venture retirement centers in both rural and urban communities. Our compassionate and talented team of 37,000 includes associates, medical staff physicians, allied health professionals, and volunteers driven in pursuit of one mission: living God's love by inspiring health, wholeness, and hope. Together, we are transforming the American healthcare experience with an innovative, yet timeless, whole-person focus on physical, mental, spiritual, and social healing. For more information about Adventist Health, please visit https://www.adventisthealth.org.CONTACTS: RadNet, Inc. Mark Stolper, 310-445-2800 Executive Vice President and Chief Financial Officer