RadNet, Inc.

RadNet, Inc.

RadNet, Inc.

Overview
Date Founded

1985

Headquarters

1510 Cotner Avenue, Los Angeles, CA, 90025, USA

Type of Company

Public

Employees (Worldwide)

6,165

Industries

Medical Support Services
Hospitals & Patient Services

Company Description

RadNet, Inc. provides freestanding, fixed-site outpatient diagnostic imaging services in the United States. Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders and reduce unnecessary invasive procedures. It offers magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures. The company was founded by Howard G. Berger in 1985 and is headquartered in Los Angeles, CA.

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Executives & Employees

President & Chief Executive Officer

Senior Vice President & Deputy General Counsel

Executive Vice President & Chief Development Officer

Chief Information Officer

Chief Revenue Officer

President & Chief Operating Officer, Eastern Operations

Director, President & Chief Operating Officer of Western Operations & Secretary

Executive Vice President, Chief Financial Officer & Principal Accounting Officer

Secretary, Director, Vice President & Medical Director

Director-Human Resources

Board of Directors

President & Chief Executive Officer at RadNet, Inc.

Former Managing Partner at Good Swartz Brown & Berns LLP

President at Medical Mediation LLC

Secretary, Director, Vice President & Medical Director at RadNet, Inc.

Director-Human Resources at RadNet, Inc.

President at GE Healthcare Camden Group

Paths to RadNet, Inc.
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RadNet, Inc.
Owners & Shareholders
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Beck Mack & Oliver (BM&O) seeks to achieve competitive risk-adjusted returns through a process-driven investment approach and a sound, value-based investment discipline. The firm applies the same investment philosophies and processes to their separately managed accounts, the International and Partners Funds, and BMLP, a long-only, value-based investment discipline. Portfolio managers seek-out companies that are financially strong and possess high quality assets and above average appreciation and/or growth potential. They seek to identify sectors, industries and companies that are out of favor or are experiencing growth but whose growth has not yet been recognized by the market. BM&O strives to purchase portfolio securities at low price levels relative to a company’s earnings and the portfolio managers’ intrinsic valuations. Market capitalizations of the companies in which the firm invests vary from small to large. Portfolio construction varies based on the given client’s needs and objectives. Accounts range from 100% equity holdings to balanced accounts that hold both equities and fixed income securities. A small of accounts may hold only fixed income.

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GACM uses different security analysis methods such as fundamental analysis, cyclical analysis and quantitative analysis. The main sources of information they use include database providers of global economic, market and security specific data, financial newspapers and magazines, inspections of corporate activities, research materials prepared by others, corporate rating services, annual reports, prospectuses, filings with SEC and other regulators and stock exchanges, and company press releases. The portfolio managers of the firm also conduct meetings with representatives from companies in whom the firm has an existing or prospective interest, and attend conferences and seminars in addition to their research. GACM mainly uses investment strategies such as long-term purchases (securities held for more than a year) with some short-term purchases (securities held for less than a year).

Recent Transactions
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RadNet, Inc. purchases Remote Diagnostic Imaging PLLC

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RadNet, Inc. purchases Diagnostic Imaging Associates

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RadNet, Inc. purchases Medic Vision Imaging Solutions Ltd.

Clients

EmblemHealth, Inc. operates as a holding company. The firm through its subsidiaries provides health insurance services. The company was founded in 1944 and is headquartered in New York, NY.

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Key Stats and Financials As of 2019
Market Capitalization
$808M
Total Enterprise Value
$2.24B
Earnings Per Share
$0.29
Revenue
$1.15B
Enterprise Value Sales
1.94x
Enterprise Value EBITDAOperating
7.95x
TEVNet Income
151.96x
Debt TEV
0.53x
EBITDAMargin
19.18%
EBITDA
$221M
Total Debt
$1.18B
Total Equity
$233M
Net Profit
$14.8M
Three Year Compounded Annual Growth Rate Of Revenue
9.27%
Non-Profit Donations & Grants
Investments
Details Hidden

Turner Imaging Systems, Inc. develops and markets x-ray imaging systems. It offers C-Arm product. The company was founded by D. Clark Turner and is headquartered in Orem, UT.

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Medic Vision Imaging Solutions Ltd. develops streamlining diagnosis of brain pathologies. It provides imaging solutions for neurological, abdominal, and chest applications. The firm specializes in universal add-on turnkey solutions for image enhancement in diagnostic imaging. The company was founded by Eliran Dahan and Ezer Bar-Aviv in 2006 and is headquartered in Tirat Carmel, Israel.

Suppliers
Hologic, Inc. Medical Support Services | Marlborough, MA

Hologic, Inc. (Nasdaq: HOLX) is a leading developer, manufacturer and supplier of premium diagnostic products, medical imaging systems, and surgical products dedicated to serving the healthcare needs of women throughout the world. At Hologic, we are on a mission: to help women everywhere lead longer, healthier lives. It is our reason for being and the single focus of every breakthrough we pursue, every solution we design, every investment we make. Hologic is a market leader in mammography and breast biopsy, breast magnetic resonance imaging, radiation treatment for early-stage breast cancer, cervical cancer screening, treatment for menorrhagia and uterine fibroids, osteoporosis assessment, preterm birth risk assessment, mini C-arm for extremity imaging, and molecular diagnostic products including human papillomavirus (HPV) testing and reagents for a variety of DNA and RNA analysis applications. We are proud of our achievements and conscious of the responsibility that our leadership position brings with it. We believe that the health issues facing women today deserve and demand the singular dedication of a passionate company. Our core business units are focused on breast health, diagnostics, GYN surgical, and skeletal health

General Electric Company Shipping & Delivery | Boston, MA

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Koninklijke Philips NV Medical Products & Equipment | Amsterdam, Nld

Royal Philips Electronics of the Netherlands is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 128,000 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2007, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare.

Competitors
Alliance HealthCare Services, Inc. Medical Support Services - Irvine, CA

Alliance HealthCare Services, Inc. engages in the provision of outsourced medical services. It operates through the following segments: Radiology, Oncology, Interventional, and Corporate. The Radiology segment provides mobile to fixed-site to service line management to hospitals and provider groups. The Oncology segment offers range of oncology services and ancillary services for cancer patients. The Interventional segment comprises of pain management services for a wide range of conditions and diseases through therapeutic, minimally invasive procedures to treat and ease pain, medication, laboratory testing, and other services. The company was founded in 1983 and is headquartered in Newport Beach, CA.

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