Sector: Healthcare | Industry: Healthcare Facilities & Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1510 Cotner Ave LOS ANGELES CA 90025 |
Tel: | N/A |
Website: | https://www.radnet.com |
IR: | See website |
Key People | ||
Howard G. Berger Chairman of the Board, President, Chief Executive Officer | Christine N. Gordon Senior Vice President - Operations, Northern California, Director | Mark D. Stolper Chief Financial Officer, Executive Vice President |
Stephen M. Forthuber President, Chief Operating Officer- Eastern Operations | Norman R. Hames President, Chief Operating Officer - Western Operations | Kees Wesdorp President and Chief Executive Officer - Digital Health Segment |
Mital Patel Executive Vice President - Financial Planning and Analysis, Chief Administrative Officer | Ranjan Jayanathan Executive Vice President, Chief Information Officer | David Jeffrey Katz Executive Vice President, Chief Legal Officer, Corporate Secretary | Michael M. Murdock Executive Vice President - Mergers and Acquisitions |
Business Overview |
RadNet, Inc. is a national provider of fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. It has a network of 366 owned and/or operated outpatient imaging centers. The Company's Imaging Center segment provides 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. The Company's Artificial Intelligence (AI) segment develops and deploys clinical applications to enhance interpretation of medical images and improve patient outcomes with an emphasis on brain, breast, prostate and pulmonary diagnostics. The Company, through its joint ventured Arizona Diagnostic Radiology Group, LLC, owns seven outpatient imaging centers. |
Financial Overview |
For the nine months ended 30 September 2024, Radnet Inc revenues increased 13% to $1.35B. Net loss totaled $2.6M vs. income of $4.9M. Revenues reflect Imaging Centers segment increase of 10% to $1.31B, Artificial intelligence segment increase from $7.4M to $46.9M. Net loss reflects Imaging Centers segment income decrease of 1% to $89.6M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.03 to -$0.04. |
Employees: | 7,872 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,256M as of Sep 30, 2024 |
Annual revenue (TTM): | $1,773M as of Sep 30, 2024 |
EBITDA (TTM): | $302.64M as of Sep 30, 2024 |
Net annual income (TTM): | -$4.41M as of Sep 30, 2024 |
Free cash flow (TTM): | $94.19M as of Sep 30, 2024 |
Net Debt Last Fiscal Year: | $270.73M as of Sep 30, 2024 |
Shares outstanding: | 74,026,737 as of Nov 8, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |