RadNet

RadNet, Inc. provides freestanding, fixed-site outpatient diagnostic imaging services in the United States. Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders and reduce unnecessary invasive procedures. The firm offers magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures. RadNet was founded by Howard G. Berger in 1980 and is headquartered in Los Angeles, CA.

Earnings data Q4 2020

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RadNet reports strong Q4 earnings, targets AI growth in 2023

RadNet's Q4 2022 performance demonstrated strong revenue and EBITDA growth, fueled by procedural demand and strategic investments in AI and expansion initiatives.
Despite challenges like labor market disruptions and a net loss, the company's focus on innovation, market positioning, and financial discipline bodes well for future profitability and growth.
Opportunities lie in AI revenue growth, de novo center profitability, and market expansion, positioning RadNet as a key player in the radiology industry with a clear path to sustained success.
With a commitment to quality services, shareholder value, and operational excellence, RadNet's strategic vision aligns with industry trends and growth opportunities, setting the stage for continued success and market leadership.

RadNet reports record Q1 revenue and EBITDA growth, eyes AI expansion

RadNet's Q1 2023 showcased strong financial performance and operational improvements. Despite challenges like net loss and labor inflation, the company is strategically positioned for growth through expansion and AI initiatives. Opportunities in advanced imaging services and cancer detection technologies present avenues for future success.

RadNet reports record Q2 earnings, eyes growth amid challenges

RadNet's Q2 2023 performance reflects strong revenue and EBITDA growth, driven by core Imaging Center segment.
While facing challenges like potential Medicare cuts and AI segment delays, the company is optimistic about growth opportunities.
Strategic initiatives in preventative medicine, AI, and outpatient services position RadNet for future success.
With a focus on innovation and financial strength, RadNet aims to capitalize on market shifts and technological advancements.

RadNet reports robust Q3 earnings, eyes growth through AI and partnerships

RadNet's Q3 performance reflects strong revenue growth and financial management, supported by AI division success and strategic initiatives for 2024.
Despite challenges such as staffing shortages and pricing discussions, the company's strengths in liquidity, debt management, and operational focus position it well for future growth.
Opportunities in acquisitions, AI investments, and partnerships offer avenues for expansion and innovation, driving RadNet's market leadership and service excellence.
Overall, RadNet's focus on growth, efficiency, and strategic partnerships underscores its commitment to sustainable success and market resilience in the healthcare industry.

RadNet reports record Q4 earnings, eyes AI growth opportunities

RadNet's Q4 2023 performance was strong, with record revenue and adjusted EBITDA driven by Imaging Center segment growth.
The company's focus on AI, acquisitions, and joint ventures presents growth opportunities but also challenges in reaching expansion targets.
Management's commitment to market leadership and financial strength positions RadNet well for future success and innovation.
RadNet's strategic investments and balance sheet strength support its growth initiatives and potential breakthroughs in AI solutions.

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CAMBRIDGE, Mass. and LOS ANGELES, April 19, 2021 (GLOBE NEWSWIRE) -- RadNet, Inc., (NASDAQ: RDNT) today announced that its subsidiary DeepHealth, a leading developer of artificial intelligence (AI) for mammography interpretation, has received FDA clearance for its mammography triage software Saige-Q.

RadNet's Artificial Intelligence Subsidiary, DeepHealth, Announces FDA Clearance for its AI Mammography Triage Software

LOS ANGELES, April 06, 2021 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and/or operated outpatient imaging centers, today announced a proposed refinancing transaction for its existing senior secured first lien term loan, which had a balance of $611 million as of December 31, 2020, and its $195 million senior secured revolving credit facility, which was undrawn as of year-end 2020. The Company seeks to replace these facilities with a proposed seven-year $675 million senior secured term loan B facility and a five-year $195 million senior secured first lien revolving credit facility. In addition to repaying the existing $611 million senior secured first lien term loan, the proceeds are expected to pay estimated fees and expenses and fund cash to the Company's balance sheet.

RadNet Announces a Proposed Refinancing Transaction for its $611 Million Senior Secured Term Loan and $195 Million Senior Secured Revolving Credit Facility

LOS ANGELES, March 17, 2021 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers, today announced that Mark Stolper, Executive Vice President and Chief Financial Officer, will be presenting at the Sidoti & Company Spring 2021 Conference on Wednesday, March 24th at 01:00 p.m. Eastern Time.

RadNet, Inc. to Present at the Sidoti & Company Spring 2021 Virtual Investor Conference on Wednesday, March 24th

RadNet, Inc. (RDNT) CEO Howard Berger on Q4 2020 Results - Earnings Call Transcript

RadNet (RDNT) delivered earnings and revenue surprises of 25.00% and 1.82%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

RadNet (RDNT) Q4 Earnings and Revenues Top Estimates

LOS ANGELES, March 08, 2021 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 331 owned and/or operated outpatient imaging centers, today reported financial results for its fourth quarter and full year ended December 31, 2020.

RadNet Reports Fourth Quarter Results with Record Revenue and Adjusted EBITDA and Releases 2021 Financial Guidance

RadNet (RDNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: RadNet (RDNT) Q4 Earnings Expected to Decline

LOS ANGELES, Feb. 23, 2021 (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 fourth quarter 2020 financial results on Monday, March 8th, 2021 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time).

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

Nation's Largest Radiology Firm Signs Long-Term Lease for 24,000 Square Foot Space In Park Central's Strauss Building; Adds to Medical and Tech Presence in Project Nation's Largest Radiology Firm Signs Long-Term Lease for 24,000 Square Foot Space In Park Central's Strauss Building; Adds to Medical and Tech Presence in Project

RadNet Leases Significant New Space in Phoenix at Park Central

CAMBRIDGE, Mass. and LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT) today reported that its DeepHealth subsidiary, a leading developer of artificial intelligence (AI) for mammography interpretation, published results of its novel AI algorithms in Nature Medicine, illustrating an ability to detect breast cancer a year or more earlier than current practice.

RadNet's DeepHealth Artificial Intelligence Subsidiary Demonstrates Earlier Breast Cancer Detection in New Study

GREENVILLE, S.C., Nov. 30, 2020 /PRNewswire/ -- eRAD, a subsidiary of RadNet, Inc. (NASDAQ: RDNT), a leading provider of radiology image and data management software solutions, announced today that Hutchinson Clinic went live with eRAD's RIS, Referring Physician Portal, Patient Portal,...

Hutchinson Clinic Deploys eRAD RIS to Improve Workflows and Integrations

LOS ANGELES, Nov. 25, 2020 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers, today announced that Mark Stolper, Executive Vice President and Chief Financial Officer, will be presenting at the BofA Securities 2020 Virtual Leveraged Finance Conference on Monday, November 30, 2020 at 12:45 p.m. Pacific Time (3:45 p.m. Eastern Time)  

RadNet, Inc. to Present at the BofA Securities 2020 Virtual Leveraged Finance Conference on November 30, 2020

GREENVILLE, S.C., Nov. 10, 2020 /PRNewswire/ -- eRAD, a subsidiary of RadNet, Inc. (NASDAQ: RDNT), a leading provider of radiology image and data management software solutions, announced today that Advanced Imaging Concepts has selected a full range of eRAD solutions to improve workflows...

Advanced Imaging Concepts of Florida selects eRAD to Improve Efficiencies

RadNet, Inc. (RDNT) CEO Howard Berger on Q3 2020 Results - Earnings Call Transcript

LOS ANGELES, Nov. 09, 2020 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 334 owned and/or operated outpatient imaging centers, today reported financial results for its third quarter of 2020.

RadNet Reports Third Quarter Financial Results Demonstrating Strong Recovery from the COVID-19 Impact

LOS ANGELES, Nov. 05, 2020 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers, today announced that Mark Stolper, Executive Vice President and Chief Financial Officer, will be presenting at the Jefferies Virtual London Healthcare Conference on Thursday, November 19, 2020 at 10:10 a.m. Pacific Time (6:10 p.m. GMT)  

RadNet, Inc. to Present at the Jefferies Virtual London Healthcare Conference on November 19, 2020

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).

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

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.

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

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.

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

RadNet (RDNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

RadNet (RDNT) Upgraded to Strong Buy: Here's What You Should Know

LOS ANGELES, Sept.  22, 2020  (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of fully-owned and operated outpatient imaging centers, today announced that Mark Stolper, Executive Vice President and Chief Financial Officer, will be presenting at the Sidoti & Company Fall 2020 Conference on Wednesday, September 23rd at 12:15 p.m. Eastern Time.

RadNet, Inc. to Present at the Sidoti & Company Fall 2020 Virtual Conference on Wednesday, September 23rd

LOS ANGELES, Aug.  31, 2020  (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 332 owned and/or operated outpatient imaging centers, today announced the amendment of its senior secured first lien credit agreement to increase the amount of the revolving commitments thereunder by $57.5 million.

RadNet Expands its Revolving Credit Facility to $195 million

RadNet (RDNT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About RadNet (RDNT) Rating Upgrade to Buy

RadNet, Inc. (RDNT) CEO Howard Berger on Q2 2020 Results - Earnings Call Transcript

RadNet (RDNT) delivered earnings and revenue surprises of 61.90% and 3.18%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for RadNet Stock (RDNT)