Associated tags: Artificial intelligence, Information technology, Radiology, RadNet, Medical imaging
Locations: NEW YORK, FL, HOUSTON, TEXAS, LAKE, RAYMOND, COWEN, LOS ANGELES, CA, US, CT, UNITED STATES, NORTH AMERICA, CALIFORNIA, DELAWARE, ARIZONA, DE
Cloud,
San Fernando Valley,
Total,
Mammography,
Weather,
AI,
Partnership,
PET/CT,
Debt,
Digital,
Digital health,
Acquisition,
Providence Health & Services,
RadNet,
LOS,
MRI,
De novo,
EBCD,
Lung,
Adjustment,
Revenue,
Growth,
Video game Most significantly, we have increased 2024 guidance ranges for Revenue, Adjusted EBITDA(1) and Free Cash Flow(2),” added Dr. Berger.
Key Points:
- Most significantly, we have increased 2024 guidance ranges for Revenue, Adjusted EBITDA(1) and Free Cash Flow(2),” added Dr. Berger.
- For the first quarter of 2024, RadNet reported Total Company Revenue of $431.7 million and Adjusted EBITDA(1) of $58.5 million.
- For the first quarter of 2024, RadNet reported Imaging Center Revenue of $417.0 million and Adjusted EBITDA(1) of $54.9 million.
- For the first quarter of 2024, RadNet reported Digital Health Revenue of $14.7 million and Adjusted EBITDA(1) of $3.5 million.
Breast cancer,
Cancer,
Sheryl Swoopes,
New Yorker,
Woman,
Health,
Heart,
American Cancer Society,
Lenox Hill,
Female,
Intelligence,
Knowledge,
Disease,
White,
WNBA,
RadNet,
Death,
Medical imaging In collaboration with Lenox Hill Radiology, RadNet will host Mother’s Day MammoGlam parties on Saturday, May 18, in New York City.
Key Points:
- In collaboration with Lenox Hill Radiology, RadNet will host Mother’s Day MammoGlam parties on Saturday, May 18, in New York City.
- On a day that celebrates positive role models, the objective is to empower women to prioritize their health and well-being.
- Who: WNBA Icon Sheryl Swoopes, New York State elected officials, breast specialists from Lenox Hill Radiology, and community leaders
WNBA icon Sheryl Swoopes, a RadNet spokesperson and advocate for breast health, will emphasize the importance of convenient access to essential cancer screening services.
- The three-time Olympic gold medalist and WNBA Most Valuable Player will be joined by select New York government officials at these Lenox Hill centers.
LOS ANGELES, April 22, 2024 (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 first quarter 2024 financial results on Thursday, May 9, 2024 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time).
Key Points:
- LOS ANGELES, April 22, 2024 (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 first quarter 2024 financial results on Thursday, May 9, 2024 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time).
- Investors are invited to listen to RadNet’s conference call by dialing 844-826-3035. International callers can dial 412-317-5195.
- There will also be simultaneous and archived webcasts available at https://viavid.webcasts.com/starthere.jsp?ei=1667758&tp_key=222b4e91a8 .
- An archived replay of the call will also be available and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for international callers, and using the passcode 10188629.
Lien,
National Association,
J. P. Morgan,
Barclays,
Banco Santander,
RadNet,
JPMorgan Chase,
Capital One,
Wells Fargo,
Credit,
Bank LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced the successful closing of the previously announced refinancing of its senior secured first lien term loan facility and senior secured revolving credit facility pursuant to the terms of a Third Amended and Restated First Lien Credit and Guaranty Agreement (the “Third Amended and Restated Credit Agreement”).
Key Points:
- LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced the successful closing of the previously announced refinancing of its senior secured first lien term loan facility and senior secured revolving credit facility pursuant to the terms of a Third Amended and Restated First Lien Credit and Guaranty Agreement (the “Third Amended and Restated Credit Agreement”).
- The Third Amended and Restated Credit Agreement provides for an $875,000,000 senior secured first lien term loan and a $282,000,000 senior secured revolving credit facility.
- The interest rate on the term loan is either, at the election of RadNet, (i) Term SOFR (with a floor of 0%) plus 2.50% or (ii) the prime rate (with a floor of 0%) plus 1.50%, and the maturity date is April 18, 2031 for the term loan.
- RadNet’s wholly-owned subsidiary, Radnet Management, Inc. is the borrower under the Third Amended and Restated Credit Agreement.
WMT,
Walmart,
Health equity,
Tenant,
Sheryl Swoopes,
Woman,
Delaware House of Representatives,
House,
WNBA,
RadNet,
Representative,
Icon,
Breast cancer The event will be held on Saturday, April 20, at the Walmart Supercenter in Milford, Delaware.
Key Points:
- The event will be held on Saturday, April 20, at the Walmart Supercenter in Milford, Delaware.
- As a tenant in the Milford Walmart Supercenter (NYSE:WMT), MammogramNow delivers essential breast screening services, provided by a team of board-certified radiologists and highly-trained technologists from RadNet’s Delaware Imaging Network.
- This facility promotes breast health in Milford and offers walk-in screening mammograms in a convenient and accessible setting.
- For more information on the Saturday event, or on RadNet’s nationwide screening initiative, please visit http://www.radnet.com/delaware-imaging-network/ or visit the Walmart Supercenter in Milford, Delaware.
Breast cancer,
Cancer,
Health equity,
Health,
Senior,
Woman,
Heart,
Artificial intelligence,
Prescription,
Disease,
WNBA,
Movement,
RadNet,
Sheryl Swoopes,
Mobile phone Swoopes will emphasize the need for more convenient nationwide access to crucial cancer screening services.
Key Points:
- Swoopes will emphasize the need for more convenient nationwide access to crucial cancer screening services.
- Inducted into the Basketball Hall of Fame in 2017, Swoopes continues to inspire generations with her remarkable achievements, both on and off the court.
- RadNet and Swoopes will together support a movement towards greater health equity and collaborate on efforts to combat healthcare disparities.
- Swoopes' influence and advocacy can spark meaningful change in how communities approach preventive healthcare and population health screening.
TV and Radio,
Technology,
Marketing,
Advertising,
Entertainment,
Communications,
Digital Marketing,
Software,
Audio,
Video,
Media,
Content Marketing,
News,
Television,
CTV,
Patient,
RadNet,
LPTV,
Communication Loop Media, Inc. ("Loop Media") (NYSE American: LPTV), a leading multichannel streaming CTV platform that provides curated music videos, sports highlights, news, premium entertainment channels and digital signage for businesses, and RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective outpatient diagnostic imaging services, today announced that Loop Media has been selected by RadNet to power RadNet’s RadNetTV Channel throughout its network of 366 imaging centers.
Key Points:
- Loop Media, Inc. ("Loop Media") (NYSE American: LPTV), a leading multichannel streaming CTV platform that provides curated music videos, sports highlights, news, premium entertainment channels and digital signage for businesses, and RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective outpatient diagnostic imaging services, today announced that Loop Media has been selected by RadNet to power RadNet’s RadNetTV Channel throughout its network of 366 imaging centers.
- Loop Media's ad sales services and technology stack were selected by RadNet, who was searching for a reliable and consistent technology partner with capability to deliver programmatic ad sales, personalized RadNet branded channels, and customized signage, as well as provide a robust platform for RadNet’s own content to be streamed across the RadNetTV imaging network venues.
- RadNetTV is a network of TVs in RadNet’s imaging locations in seven states, which broadcasts original, entertaining and educational programming to its patients and guests, with an estimated viewership of over ten-million each year.
- “Our selection of Loop® provides the logical next step for RadNetTV,” said Paul Colacchio, Vice President of Communications and PR at RadNet.
On April 3, 2024, RadNet announced its intention to refinance debt facilities that, at December 31, 2023, included a $679 million term loan balance due April of 2028 and an undrawn $195 million revolving credit facility maturing April of 2026.
Key Points:
- On April 3, 2024, RadNet announced its intention to refinance debt facilities that, at December 31, 2023, included a $679 million term loan balance due April of 2028 and an undrawn $195 million revolving credit facility maturing April of 2026.
- RadNet also previously announced it was seeking to replace these facilities with a proposed $840 million term loan with a maturity of seven years and a $250 million revolving credit facility with a five year term.
- RadNet today announced it has accepted orders and completed allocations on a new $875 million term loan, an increase of $35 million from the transaction previously announced.
- Subject to final commitments, RadNet has also accepted orders for a $282 million revolving credit facility with a five year term, an increase of $32 million from the transaction previously announced.
Retrieved on:
Wednesday, April 10, 2024
This acquisition, which is anticipated to be completed before the end of the second quarter of 2024, is RadNet’s second announced transaction in Houston, and upon closing, will bring the number of RadNet centers in this geography to 13.
Key Points:
- This acquisition, which is anticipated to be completed before the end of the second quarter of 2024, is RadNet’s second announced transaction in Houston, and upon closing, will bring the number of RadNet centers in this geography to 13.
- The previously announced acquisition of seven imaging centers from Houston Medical Imaging, LLC was completed on April 1st, 2024.
- Shortly after the completion of the acquisition, we intend to transition the branding of these centers to Houston Medical Imaging.
- RadNet anticipates that the acquired centers will add over 100,000 procedures and $15 million of revenue on an annual basis.
LOS ANGELES, April 03, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced a proposed refinancing transaction for its existing term loan and revolving credit facility.
Key Points:
- LOS ANGELES, April 03, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced a proposed refinancing transaction for its existing term loan and revolving credit facility.
- At December 31, 2023, the debt facilities that RadNet intends to refinance included a $679 million term loan balance due April of 2028 and an undrawn $195 million revolving credit facility maturing April of 2026.
- RadNet is seeking to replace these facilities with a proposed $840 million term loan with a maturity of seven years and $250 million revolving credit facility with a five year term.
- Accordingly, RadNet cannot provide any assurance that it will complete a refinancing transaction on terms that are favorable to RadNet or its investors.
