Welcome to our dedicated page for Radnet news (Ticker: RDNT), a resource for investors and traders seeking the latest updates and insights on Radnet stock.
RadNet, Inc. (NASDAQ: RDNT) generates a steady flow of news as a national provider of freestanding, fixed-site diagnostic imaging services and as the parent of DeepHealth, its AI-powered health informatics division. News about RadNet often highlights developments across its network of 407 owned and/or operated outpatient imaging centers in markets such as Arizona, California, Delaware, Florida, Maryland, New Jersey, New York and Texas, as well as updates from its Digital Health segment.
Investors and observers following RDNT news will encounter announcements on topics such as acquisitions of imaging centers, expansion into new regional markets and updates on RadNet’s operational performance. For example, the company has reported acquisitions like Radiology Regional in Southwest Florida, adding multiple imaging centers and staff to its Florida footprint. Earnings releases and financial guidance updates are also frequent news items, reflecting trends in imaging volumes, segment revenue and Adjusted EBITDA for both the Imaging Center and Digital Health segments.
RadNet’s DeepHealth division is another major source of news, with press releases covering the launch of AI-powered clinical suites, imaging informatics platforms and collaborations with partners. Recent communications have described products such as Breast Suite, Thyroid Suite, Operations Suite, Diagnostic Suite and TechLive, as well as research findings published in scientific journals and showcased at industry conferences like RSNA. News may also cover strategic collaborations, including letters of intent and partnerships with companies such as GE HealthCare to expand AI-powered imaging solutions across modalities and geographies.
Because RadNet regularly issues updates on its financial results, acquisitions, digital health initiatives and research milestones, the RDNT news page can be a useful resource for tracking how the company’s imaging center operations and DeepHealth portfolio evolve over time. Readers interested in diagnostic imaging services, AI in radiology and healthcare operations technology may find RadNet’s news particularly relevant.
eRAD, a subsidiary of RadNet (NASDAQ: RDNT), has successfully implemented its radiology information system (RIS), Referring Physician Portal, Patient Portal, and RADAR platform at Hutchinson Clinic, Kansas. This deployment enhances data integration and workflows, addressing interoperability challenges as the clinic's radiology volumes increased. Despite COVID-19 disruptions, eRAD's solutions have improved daily operations and position the clinic for advanced workflows. Hutchinson Clinic's diagnostic imaging department conducts nearly 70,000 exams annually, emphasizing the importance of these enhancements.
RadNet, a leader in diagnostic imaging services, announces Mark Stolper's presentation at the BofA Securities 2020 Virtual Leveraged Finance Conference on November 30, 2020, at 12:45 p.m. PT. The event will include both live and archived webcasts available on RadNet's website. RadNet operates a network of 334 outpatient imaging centers and employs approximately 8,600 individuals. It offers radiology information technology solutions and related services across major U.S. markets including California and New York.
eRAD, a subsidiary of RadNet (NASDAQ: RDNT), announced that Advanced Imaging Concepts (AIC) has chosen its complete suite of solutions to streamline workflows. AIC, located in Brooksville, FL, faces challenges like increasing competition and workforce reductions due to the COVID-19 pandemic. The deployment of eRAD's RIS, PACS, Speech Recognition, and Physician Portal aims to enhance efficiency, allowing AIC to schedule patients more effectively while maintaining safety and quality. eRAD continues to focus on providing innovative solutions to meet the needs of its clients.
RadNet, Inc. (NASDAQ: RDNT) reported a 53.1% sequential increase in Total Net Revenue for Q3 2020, totaling $291.8 million, although this reflects a slight decrease of 0.3% year-over-year. Adjusted EBITDA reached $45.8 million, a 102.8% rise from Q2 2020 and up 11.7% from the previous year. The company recorded a Net Income of $6.2 million compared to a loss in Q2. The quarter saw a 66.2% increase in procedural volumes. Additionally, RadNet announced strategic partnerships to enhance growth prospects.
RadNet, a leader in diagnostic imaging services, announced that Mark Stolper, Executive Vice President and CFO, will present at the Jefferies Virtual London Healthcare Conference on November 19, 2020, at 10:10 a.m. PT (6:10 p.m. GMT). The event will be accessible via live and archived webcasts on their website. RadNet operates 332 outpatient imaging centers and employs approximately 8,600 individuals, making it a prominent provider in California, Maryland, Delaware, New Jersey, and New York. For more details, visit RadNet's website.
RadNet, Inc. (NASDAQ: RDNT) will host a conference call on November 9, 2020, at 7:30 a.m. PT to discuss its Q3 2020 financial results. Investors can join by dialing 866-248-8441 or 786-204-3966 for international calls. The call will also be available via simultaneous webcasts and archived replays. RadNet operates 332 outpatient imaging centers across the U.S. and employs approximately 8,600 staff. The company is a leader in diagnostic imaging services, particularly in core markets like California, New Jersey, and New York.
RadNet, Inc. (NASDAQ: RDNT) has expanded its operations into Arizona by forming a joint venture with CommonSpirit Health and acquiring AZ Tech MRI & Radiology, which includes eight imaging facilities. This new venture, named Arizona Diagnostic Radiology Group, aims to enhance access to diagnostic imaging services across the Phoenix metropolitan area, serving nearly five million residents. RadNet plans to develop multi-modality outpatient imaging centers, leveraging its existing relationship with Dignity Health to improve service delivery in the region.
RadNet (NASDAQ: RDNT) has entered a partnership with Adventist Health to launch an outpatient imaging joint venture in Simi Valley, California. This initiative will include three facilities, contributing MRI, CT, PET/CT, Ultrasound, and X-ray services. RadNet will manage Adventist Health’s Nancy Reagan Breast Center, enhancing women's health services. The joint venture targets a population of approximately 125,000 and is set to commence operations by January 2021. This collaboration aims to improve imaging capabilities and service offerings in the Simi Valley medical community.
RadNet, a leader in diagnostic imaging services, announced Mark Stolper, CFO, will present at the Sidoti & Company Fall 2020 Conference on September 23rd at 12:15 p.m. Eastern Time. The event will feature live and archived webcasts accessible through their website and the Sidoti platform. RadNet operates 340 outpatient imaging centers and employs about 8,600 staff nationwide. Their primary markets include California, Maryland, and New York, providing innovative services in diagnostic imaging and radiology information technology.
RadNet announced an amendment to its senior secured first lien credit agreement, increasing revolving commitments by $57.5 million. This brings the total revolving credit facility to $195.0 million, along with $630.4 million in first lien term loans. Both facilities mature on July 1, 2023. RadNet's CFO, Mark Stolper, emphasized that this enhancement boosts financial flexibility and supports strategic growth, with a strong cash balance of $84.5 million as of June 30, 2020. The amendment was supported by major banks including Barclays and JPMorgan Chase.
FAQ
What is the current stock price of Radnet (RDNT)?
What is the market cap of Radnet (RDNT)?
