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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Feb. 24, 12:02 AM

Slide #77. RadNet, Inc. Imaging Operations of Kern Radiology

Acquirer: RadNet, Inc. (NASDAQ:RDNT)
Acquiree: Imaging Operations of Kern Radiology
Details: RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services today reported it has signed a definitive agreement to acquire the outpatient radiology practice of Kern Radiology Medical Group, Inc. ("Kern Radiology"), the owner of five imaging centers in Bakersfield, California. The transaction is expected to close in April.

RadNet is a provider of freestanding, fixed-site outpatient diagnostic imaging services. At Dec 31 2017, Co. operated 297 centers located in California, Delaware, Florida, Maryland, New Jersey, and New York. Co.'s centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Co.'s services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. In addition to its imaging services, Co.'s subsidiary, eRAD, Inc., develops and sells computerized systems for the imaging industry.

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Company Name:  RadNet Inc
Sector:  Diagnostics
Number of ETFs Holding RDNT:  19
Total Market Value Held by ETFs:  $29.18M
Total Market Capitalization:  $674.00M
% of Market Cap. Held by ETFs:  4.33%

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February 24, 2019    12:02 AM Eastern
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