RadNet
From Wikipedia the free encyclopedia
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| Company type | Public |
|---|---|
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| Industry |
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| Founded | 1981 |
| Founder | Howard Berger |
| Headquarters | , U.S. |
Area served | United States |
Key people | Dr. Howard Berger, Norman Hames, Stephen Forthuber |
| Services |
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Number of employees | 11,000+ |
| Subsidiaries |
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| Website | radnet |
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.[1]
History
[edit]RadNet was founded in 1981 as a small imaging center in Los 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 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.[2][3]
In the early 2000s RadNet acquired smaller radiology firms.[4] 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.[5] 2006 also saw RadNet and Primedex split 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 provider Gannett Co.[6]
Operations
[edit]RadNet acquires smaller imaging centers.[7][8] The company has also begun to open new outpatient centers to work with existing healthcare networks.[9][10] RadNet acquired DeepHealth, a machine learning firm working to develop radiology artificial intelligence.[11]
References
[edit]- ^ "About RadNet – Company Overview". radnet.com. Retrieved 2025-04-10.
- ^ The History of Workers' Compensation in California, Rand Corporation, Monograph reports URL:https://www.rand.org/pubs/monograph_reports/MR919/mr919.sec2.html
- ^ "Primedex to explore strategic options | Diagnostic Imaging". www.diagnosticimaging.com. Retrieved 2018-06-24.
- ^ "PRIMEDEX HEALTH SYSTEMS, INC. ANNOUNCES CLOSING OF ACQUISITION OF RADIOLOGIX, INC. | RadNet". www.radnet.com. Retrieved 2018-06-24.
- ^ "EB-5 Funds Stimulate Economic Growth, Creating High Paying Jobs For Murrieta". PRWeb. Archived from the original on May 10, 2012. Retrieved 2018-06-24.
- ^ Feroldi, Brian (2019-11-15). "Why RadNet Is Shooting Higher Today". The Motley Fool. Retrieved 2020-05-22.
- ^ "Turner Imaging Systems Announces Closing of Seed Investment Round". Retrieved 2018-06-24.
- ^ "The 20 Largest Outpatient-imaging Center Chains: Consolidation Continues, Hospital Alignment Takes Root". Radiology Business. Retrieved 2018-06-24.
- ^ "Turner Imaging Systems Announces Closing of Seed Investment Round". Retrieved 2018-06-24.
- ^ "Israel new market for software developer | CBC News". CBC. Retrieved 2018-06-24.
- ^ "RadNet to acquire 'leading' artificial intelligence firm founded by former Siemens CEO". www.radiologybusiness.com. Retrieved 2020-05-22.