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 |
| Tel: | N/A |
| Website: | https://www.radnet.com |
| IR: | See website |
| Key People | ||
| Howard G. Berger Chairman of the Board, President, Chief Executive Officer | Michael M. Murdock Executive Vice President - Mergers and Acquisitions | 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 | Sham Sokka Chief Operating Officer, Chief Technology Officer- Digital Health |
| 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 | Gregory Sorensen Executive Vice President, Director and Chief Science Officer |
| 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 three months ended 31 March 2024, Radnet Inc revenues increased 11% to $431.7M. Net loss decreased 87% to $2.8M. Revenues reflect Imaging Centers segment increase of 7% to $417M, Artificial intelligence segment increase from $2.1M to $14.7M. Lower net loss reflects Artificial intelligence segment loss decrease of 56% to $3M, Imaging Centers segment income increase of 6% to $14.4M. |
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