RadNet
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 | Norman Hames, Stephen Forthuber |
Services |
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Number of employees | 7,100 |
Subsidiaries |
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Website | radnet |
RadNet is an American
History
RadNet was founded in 1981 as a small imaging center in Los Angeles. The nascent company was concerned with providing billing and administrative services to large medical care providers, with the initial RadNet imaging center being located near Cedars-Sinai Medical Center.[2]
In 1992 the company was bought by Primedex Health Systems, a California-based management company that catered to small medical clinics. In addition, much of Primedex's business was focused around dealing with
In the early 2000s RadNet began a period of business expansion by acquiring smaller radiology firms and incorporating said firm's practice into RadNet's growing list of assets.[5] 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.[6] 2006 also saw RadNet and Primedex split their stock, resulting in RadNet becoming the official parent company and Primedex becoming a subsidiary.[7][2]
RadNet joined the S&P 600 in November 2019, replacing American newspaper provider Gannett Co.[8]
Operations
As of 2020 RadNet has continued to execute its plan for the strategic acquisition of new assets, namely smaller imaging centers.
References
- ^ "RadNet - Leading Radiology Forward | Outpatient Imaging Centers". www.radnet.com. Retrieved 2018-06-24.
- ^ a b c "RadNet | Company History - Founded by Dr. Howard Berger". www.radnet.com. Retrieved 2018-06-24.
- ^ 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. Retrieved 2018-06-24.
- ^ "Primedex Health Systems Announces One-for-Two Reverse Stock Split and Name Change to RadNet, Inc. | RadNet". www.radnet.com. 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.