RadNet Inc. (OQ:RDNT)

Business Focus: Medical & Diagnostic Laboratories

Sector:  Healthcare Industry:  Healthcare Facilities & Services
See Regulatory Filings on SEC
Company Contact
Address: 1510 Cotner Ave
LOS ANGELES CA 90025-3303
Tel: N/A
Website: https://www.radnet.com
IR: See website
Key People
Howard G. Berger
Chairman of the Board, President, Chief Executive Officer, Director
Stephen M. Forthuber
President and Chief Operating Officer ' Eastern Operations
Mark D. Stolper
Chief Financial Officer, Executive Vice President
Norman R. Hames
President and Chief Operating Officer - Western Operations
Mital Patel
Executive Vice President - Finance Planning and Analysis
Michael M. Murdock
Executive Vice President, Chief Development Officer
Ruth Wilson
Senior Vice President of Human Resources, Director
John V. Crues
Vice President, Medical Director, Director
Business Overview
RadNet, Inc. is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island. Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Its services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. As of December 31, 2016, the Company had in operation 257 MRI systems, 157 CT systems, 47 PET or combination PET/CT systems, 48 nuclear medicine systems, 479 X-ray systems, 279 mammography systems, 551 ultrasound systems and 104 fluoroscopy systems.
Financial Overview
For the six months ended 30 June 2019, RadNet Inc. revenues increased 18% to $560.6M. Net income totaled $1.2M vs. loss of $1.9M. Revenues reflect Revenue under capitation arrangements increase of 15% to $59.8M. Net Income reflects Severance costs remaining flat at $1M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.04 to $0.02.
Employees: 5,706 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,449M as of Jun 30, 2019
Annual revenue (TTM): $1,060M as of Jun 30, 2019
EBITDA (TTM): $128.53M as of Jun 30, 2019
Net annual income (TTM): $35.34M as of Jun 30, 2019
Free cash flow (TTM): -$49.30M as of Jun 30, 2019
Net Debt Last Fiscal Year: $690.58M as of Jun 30, 2019
Shares outstanding: 50,127,234 as of Aug 6, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization