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
Retrieved on:
Wednesday, January 24, 2024
LOS ANGELES, Jan. 24, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective outpatient diagnostic imaging services, today announces that its joint ventured Arizona Diagnostic Radiology Group, LLC (“Arizona Diagnostic Radiology”) has acquired seven outpatient imaging centers in Phoenix Arizona from Evernorth Care Group.
Key Points:
- LOS ANGELES, Jan. 24, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective outpatient diagnostic imaging services, today announces that its joint ventured Arizona Diagnostic Radiology Group, LLC (“Arizona Diagnostic Radiology”) has acquired seven outpatient imaging centers in Phoenix Arizona from Evernorth Care Group.
- The acquisition will expand outpatient imaging services for Evernorth Care Group patients, who will now have access to Arizona Diagnostic Radiology’s nine additional imaging centers in the Phoenix market.
- Additionally, the newly acquired imaging centers will implement RadNet’s digital health solutions, including radiology information and image management systems and DeepHealth’s artificial intelligence platform.
- “Arizona Diagnostic Radiology has been a partner since June 2022, providing radiologists to supervise, interpret and deliver diagnostic support.
LOS ANGELES, Jan. 08, 2024 (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 Dr. Howard Berger, President and Chief Executive Officer and Mark Stolper, Executive Vice President and Chief Financial Officer will be presenting at the 42nd Annual J.P. Morgan Healthcare Conference in San Francisco, CA on Wednesday, January 10, 2024 at 4:30 p.m. PST.
Key Points:
- LOS ANGELES, Jan. 08, 2024 (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 Dr. Howard Berger, President and Chief Executive Officer and Mark Stolper, Executive Vice President and Chief Financial Officer will be presenting at the 42nd Annual J.P. Morgan Healthcare Conference in San Francisco, CA on Wednesday, January 10, 2024 at 4:30 p.m. PST.
- A live webcast of RadNet's presentation can be accessed through the following link, https://jpmorgan.metameetings.net/events/healthcare24/sessions/49342-rad... [jpmorgan.metameetings.net] and is available for replay viewing.
- The 42nd Annual J.P. Morgan Healthcare Conference will take place at the Westin St. Francis Hotel, San Francisco.
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Tuesday, December 5, 2023
MammogramNow at the Walmart Supercenter introduces a new model of breast health screening convenience.
Key Points:
- MammogramNow at the Walmart Supercenter introduces a new model of breast health screening convenience.
- Harnessing state-of-the-art hardware and software technology, powered by DeepHealth Artificial Intelligence (AI), this program pursues an improved level of screening performance and promotes earlier detection.
- By placing the MammogramNow program within the Walmart Supercenter, RadNet and Walmart seek to make breast health screenings more accessible, encouraging proactive, community-based healthcare.
- As part of the pilot, RadNet will actively promote breast health education and awareness initiatives, providing the Milford community with essential information about breast health and the critical nature of regular screenings.
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Monday, November 27, 2023
The expanded role of radiology within healthcare, combined with ongoing operational and economic pressures impacting all healthcare specialties, require a transformative shift in radiology informatics to drive efficiency and scalability.
Key Points:
- The expanded role of radiology within healthcare, combined with ongoing operational and economic pressures impacting all healthcare specialties, require a transformative shift in radiology informatics to drive efficiency and scalability.
- The newly launched portfolio builds on the strengths of RadNet’s existing digital health businesses and products, including eRAD Radiology Information and Image Management Systems, Aidence lung AI, Quantib prostate AI and DeepHealth breast AI.
- This synergy, combined with RadNet’s extensive data, clinical and operational expertise, position our DeepHealth portfolio to deliver scalable solutions for patients and professionals in the care continuum.
- “Our new portfolio will integrate and scale the role of radiology across the healthcare delivery system,” said Sham Sokka, chief operating and technology officer for RadNet’s digital health businesses.
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Monday, November 27, 2023
LOS ANGELES, Nov. 27, 2023 (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 2023 Leveraged Finance Conference in Boca Raton, FL on Tuesday, November 28, 2023 at 11:10 a.m. Pacific Time (2:10 p.m. Eastern Time).
Key Points:
- LOS ANGELES, Nov. 27, 2023 (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 2023 Leveraged Finance Conference in Boca Raton, FL on Tuesday, November 28, 2023 at 11:10 a.m. Pacific Time (2:10 p.m. Eastern Time).
- There will be simultaneous and archived webcasts available at https://bofa.veracast.com/webcasts/bofa/levfin2023/id29LiJy.cfm and www.radnet.com under the “About RadNet'' menu section and “News and Press Releases'' sub-menu of the website.
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Wednesday, November 15, 2023
LOS ANGELES, Nov. 15, 2023 (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 2023 Conference on Thursday, November 16th at 1:00 p.m. Eastern Time.
Key Points:
- LOS ANGELES, Nov. 15, 2023 (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 2023 Conference on Thursday, November 16th at 1:00 p.m. Eastern Time.
- and www.radnet.com under the “About RadNet'' menu section and “News and Press Releases'' sub-menu of the website.
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Wednesday, November 8, 2023
Adjustment,
MRI,
De novo,
Santa Claus,
EBCD,
RadNet,
Consolidated Revenue Fund of Canada,
EBITDA,
Acquisition,
Health,
Debt,
Artificial intelligence,
Mammography,
Growth,
Partnership,
LOS,
CT,
Workflow,
Record,
AI,
PET/CT,
Patient,
Video game,
Medical device,
Bookkeeping,
Hospital,
Insurance,
Cedars-Sinai Medical Center Dr. Berger added, “I am very pleased to announce that during the quarter, we expanded our outpatient radiology partnership with Cedars-Sinai. This includes establishing a new joint venture called Los Angeles Imaging Group, initially with three locations, as well as broadening our existing three-center joint venture, Santa Monica Imaging Group, to include the contribution of seven additional centers -- five of which were contributed by Cedars-Sinai. The expanded relationship with Cedars-Sinai is designed to increase patient access to outpatient radiology by broadening the ambulatory network of imaging centers throughout Los Angeles, including certain underserved communities. The ventures will streamline and improve patient care by improving workflow, providing better access to records and producing more timely and accurate results for patients and referring physicians. After giving effect to the expanded Cedars-Sinai relationship, we now have almost 36% of our imaging centers held within health system partnerships.”
Key Points:
- Dr. Howard Berger, President and Chief Executive Officer of RadNet, commented, “I am very pleased with our performance in the third quarter.
- Our Imaging Center segment Adjusted EBITDA(1) increased 20.3% as compared with last year’s third quarter, which resulted in Imaging Center margin expansion from 14.4% in last year’s third quarter to 15.1% in this year’s same quarter.
- As compared with last year’s third quarter, Revenue increased $49.9 million (or 14.3%) and Adjusted EBITDA(1) increased $10.2 million (or 20.3%).
- For the third quarter of 2023, RadNet reported Net Income of $17.5 million as compared with $668,000 for the third quarter of 2022.
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Tuesday, October 17, 2023
LOS ANGELES, Oct. 17, 2023 (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 2023 financial results on Thursday, November 9th, 2023 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time).
Key Points:
- LOS ANGELES, Oct. 17, 2023 (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 2023 financial results on Thursday, November 9th, 2023 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=1639730&tp_key=c810ee0866 .
- 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 10183631.
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Wednesday, September 20, 2023
LOS ANGELES, Sept. 20, 2023 (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 2023 Conference on Wednesday, September 20th at 4:00 p.m. Eastern Time.
Key Points:
- LOS ANGELES, Sept. 20, 2023 (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 2023 Conference on Wednesday, September 20th at 4:00 p.m. Eastern Time.
- and www.radnet.com under the “About RadNet'' menu section and “News and Press Releases'' sub-menu of the website.
CT,
Radiology,
De novo,
Imaging,
MRI,
EBITDA,
De novo peptide sequencing,
RadNet,
Patient,
Breast cancer,
PET/CT,
Artificial intelligence,
Growth,
LOS,
AI,
Adjustment,
Mammography,
Proteolysis targeting chimera,
Revenue,
Video game,
Medical device,
Pharmaceutical industry,
Insurance In our Imaging Center segment, Revenue increased 13.8% and Adjusted EBITDA(1) increased 14.7% from last year’s second quarter.
Key Points:
- In our Imaging Center segment, Revenue increased 13.8% and Adjusted EBITDA(1) increased 14.7% from last year’s second quarter.
- Our record quarterly Revenue and Adjusted EBITDA(1) were driven by 11.4% aggregate and 7.1% same-center procedural volume growth relative to last year’s second quarter, along with effective expense management.
- Including our AI reporting segment, Revenue was $403.7 million in the second quarter of 2023, an increase of 13.9% from $354.4 million in last year’s second quarter.
- For the second quarter of 2023, RadNet reported Net Income of $8.4 million as compared with $7.9 million for the second quarter of 2022.
