About RadNet
RadNet is a company based in Los Angeles (United States) founded in 1984.. The company has 8,550 employees as of December 31, 2024. RadNet has completed 11 acquisitions, including Aidence, American Radiology Services and Cimar. RadNet offers products and services including Outpatient Imaging Centers, eRAD, and Centers of Excellence. RadNet operates in a competitive market with competitors including Akumin, Memorial MRI & Diagnostic, Resiliencelab, SimonMed and Aris Radiology, among others.
- Headquarter Los Angeles, United States
- Employees 8550 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Radnet, Inc.
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Annual Revenue
$1.83 B13.18as on Dec 31, 2024
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Net Profit
$2.79 M-8.25as on Dec 31, 2024
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EBITDA
$249.12 M-11.82as on Dec 31, 2024
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Latest Funding Round
$500 K (USD), Debt – Convertible
Mar 07, 2011
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Investors
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Employee Count
8550
as on Dec 31, 2024
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Investments & Acquisitions
Aidence
& 10 more
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IPO & Listings of RadNet
RadNet is a publicly listed company on the NASDAQ with ticker symbol RDNT in USA, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of RadNet
RadNet offers a comprehensive portfolio of products and services, including Outpatient Imaging Centers, eRAD, and Centers of Excellence. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Freestanding centers for outpatient imaging procedures like MRI and CT.
Web-based platform for medical imaging workflow and data management.
Focused programs for advanced radiology research and patient care.
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Software Development Team
59 people
Operations Team
38 people
Leadership Team
26 people
Sales and Marketing
25 people
Human Resources and Administration
15 people
Finance and Accounting
6 people
Product Management Team
5 people
Legal and Compliance
4 people
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Funding Insights of RadNet
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Convertible — $500,000
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First Round
First Round
(07 Mar 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2011 | Amount | Debt – Convertible - RadNet | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by RadNet
RadNet has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Aidence, American Radiology Services and Cimar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Standalone radiology laboratory center
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2020 | ||||
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AI-based platform analyzes patient data for stroke prediction.
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2017 | ||||
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Medical images are analyzed using deep learning for radiologists.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - RadNet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Radnet Comparisons
Competitors of RadNet
RadNet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Akumin, Memorial MRI & Diagnostic, Resiliencelab, SimonMed and Aris Radiology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Chain of radiology centers
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| domain | founded_year | HQ Location |
Radiology labs are operated as a chain for diagnostic services.
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| domain | founded_year | HQ Location |
Chain of wellness centre
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| domain | founded_year | HQ Location |
Radiology services are delivered through a network of labs.
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| domain | founded_year | HQ Location |
Radiology services are delivered through a chain of labs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Radnet
Frequently Asked Questions about RadNet
When was RadNet founded?
RadNet was founded in 1984 and raised its 1st funding round 27 years after it was founded.
Where is RadNet located?
RadNet is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of RadNet?
Howard G Berger is the current CEO of RadNet.
How many employees does RadNet have?
As of Dec 31, 2024, the latest employee count at RadNet is 8,550.
What is the annual revenue of RadNet?
Annual revenue of RadNet is $1.83B as on Dec 31, 2024.
What does RadNet do?
RadNet was founded in 1984 and is headquartered in Los Angeles, United States. A network of outpatient imaging centers is managed by the company within the healthcare sector, focusing on diagnostic radiology services. Operations span multiple states, with imaging procedures including MRI, CT scans, and X-rays provided to patients. Leadership is headed by CEO Howard G. Berger, supporting clinical and administrative functions across facilities.
Who are the top competitors of RadNet?
RadNet's top competitors include Akumin, Resiliencelab and American Health Imaging.
What products or services does RadNet offer?
RadNet offers Outpatient Imaging Centers, eRAD, and Centers of Excellence.
Is RadNet publicly traded?
Yes, RadNet is publicly traded on NASDAQ under the ticker symbol RDNT.
How many acquisitions has RadNet made?
RadNet has made 11 acquisitions, including Aidence, American Radiology Services, and Cimar.
What is RadNet's ticker symbol?
The ticker symbol of RadNet is RDNT on NASDAQ.
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