People: RadNet, Inc. (RDNT.O)

RDNT.O on Consolidated Issue listed on NASDAQ Global Market

2.35USD
9 Feb 2010
Price Change (% chg)

$0.10 (+4.44%)
Prev Close
$2.35
Open
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Day's High
$2.36
Day's Low
$2.23
Volume
304,733
Avg. Vol
207,933
52-wk High
$3.39
52-wk Low
$0.85

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Summary

Name Age Since Current Position
Berger, Howard 64 2004 President, Chief Executive Officer and Director
Stolper, Mark 38 Chief Financial Officer, Executive Vice President
Linden, Jeffrey 66 2007 Executive Vice President, General Counsel
Hames, Norman 52 Executive Vice President, Secretary,Chief Operating Officer - Western Operations, Director
Forthuber, Stephen 47 2006 Executive Vice President, Chief Operating Officer-Eastern Operations
Murdock, Michael 54 2007 Executive Vice President, Chief Development Officer
Crues, John 59 2000 Vice President, Medical Director, Director
Swartz, David 65 2004 Director
Levitt, Lawrence 66 2005 Director
Cadwell, Marvin 65 2007 Director
Sherman, Michael 65 2007 Director
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Biographies

Name Description
Berger, Howard Howard G. Berger, M.D. has served as President, Chief Executive Officer and Chair of the Board of Directors of RadNet, Inc. He has served as President and Chief Executive Officer of RadNet, Inc. and its predecessor entities since 1987. Dr. Berger is also the president of the entities that own Beverly Radiology Medical Group ("BRMG"). Dr. Berger has over 25 years of experience in the development and management of healthcare businesses. He began his career in medicine at the University of Illinois Medical School, is Board Certified in Nuclear Medicine and trained in an Internal Medicine residency, as well as in a masters program in medical physics in the University of California system.
Stolper, Mark Mark D. Stolper has served as Executive Vice President and Chief Financial Officer of RadNet, Inc. He joined the Company in 2004 and currently serves as Company's Chief Financial Officer. Prior to joining the company, he had diverse experiences in investment banking, private equity, venture capital investing and operations. Mr. Stolper began his career as a member of the corporate finance group at Dillon, Read and Co., Inc., executing mergers and acquisitions, public and private financings and private equity investments with Saratoga Partners LLP, an affiliated principal investment group of Dillon Read. After Dillon Read, Mr. Stolper joined Archon Capital Partners, backed by the Milken Family and News Corp, which made private equity investments in media and entertainment companies. Mr. Stolper received his operating experience with Eastman Kodak, where he was responsible for business development for Kodak's Entertainment Imaging subsidiary ($1.5 billion in sales). Mr. Stolper was also co-founder of Broadstream Capital Partners, a Los Angeles-based investment banking firm focused on advising middle market companies engaged in financing and merger and acquisition transactions.
Linden, Jeffrey Jeffrey L. Linden has served as Executive Vice President, General Counsel of RadNet, Inc. He joined the Company in 2001 and currently serves as Company's Executive Vice President and General Counsel. He is also associated with Cohen & Lord, a professional corporation, outside general counsel to Company's company. Prior to joining Company's company, Mr. Linden had been engaged in the private practice of law. He has lectured before numerous organizations on various topics, including the California State Bar, American Society of Therapeutic Radiation Oncologists, California Radiological Association, and National Radiology Business Managers Association.
Hames, Norman Norman R. Hames has served as Chief Operating Officer of RadNet Inc. since 1996 and currently as its Executive Vice President and Chief Operating Officer - Western Operations. Applying his 20 years of experience in the industry, Mr. Hames oversees all aspects of facility operations. His management team, comprised of regional directors, managers and sales managers, are responsible for responding to all of the day-to-day concerns of the facilities, patients, payors and referring physicians. Prior to joining the company, Mr. Hames was President and Chief Executive Officer of his own company, Diagnostic Imaging Services, Inc. (which Company acquired), which owned and operated 14 multi-modality imaging facilities throughout Southern California. Mr. Hames gained his initial experience in operating imaging centers for American Medical International, or AMI, and was responsible for the development of AMI's single and multi-modality imaging centers.
Forthuber, Stephen Stephen M. Forthuber became Executive Vice President and Chief Operating Officer for Eastern Operations of RadNet, Inc. subsequent to the Company's acquisition of Radiologix, Inc. ("Radiologix") in November 2006. He joined Radiologix in January 2000 as Regional Director of Operations, Northeast. From July 2002 until January 2005 he served as Regional Vice President of Operations, Northeast and from February until December 2005 he was Senior Vice President and Chief Development Officer for Radiologix. Prior to working at Radiologix, Mr. Forthuber was employed from 1982 until 1999 by Per-Se Technologies, Inc. and its predecessor companies, where he had significant physician practice management and radiology operations responsibilities.
Murdock, Michael Michael Murdock was appointed Executive Vice President and Chief Development Officer of RadNet, Inc. in 2007. Mr. Murdock has spent the majority of his career in senior financial positions with health care companies, ranging in size from venture-backed startups to multi-billion dollar corporations, including positions with American Medical International (“AMI”) and its successor American Medical Holding, Inc., a $2.4 billion in revenue publicly traded owner and operator of acute care facilities, that was acquired by National Medical Enterprises, now Tenet Healthcare. From 1999 through 2004, Mr. Murdock served as Chief Financial Officer of Dental One, a venture capital-backed owner and operator of 48 dental practices in Texas, Arizona, Colorado and Utah. From 2005 to 2006, Mr. Murdock served as Chief Financial Officer of Radiologix and joined the company following Company's acquisition of Radiologix in November 2006. Mr. Murdock began his career in 1978 as an auditor with Arthur Andersen after receiving a B.S. degree from California State University, Northridge.
Crues, John John V. Crues, III, M.D. has served as Director of RadNet, Inc. He is a world-renowned radiologist. Dr. Crues has served as Company's Vice President and Medical Director since 2000. Dr. Crues plays a significant role as a musculoskeletal specialist for many of Company's patients as well as a resource for physicians providing services at Company's facilities. Dr. Crues received his M.D. at Harvard University, completed his internship at the University of Southern California in Internal Medicine, and completed a residency at Cedars-Sinai in Internal Medicine and Radiology. Dr. Crues has authored numerous publications while continuing to actively participate in radiological societies such as the Radiological Society of North America, American College of Radiology, California Radiological Society, International Society for Magnetic Resonance Medicine and the International Skeletal Society.
Swartz, David David L. Swartz has served as Director of RadNet, Inc. since 2004. He is a C.P.A. with thirty-five years of experience providing accounting and advisory services to clients. Mr. Swartz currently serves as the president of the California State Board of Accountancy. Between 1993 and 2008, Mr. Swartz served as the managing partner of Good, Swartz, Brown & Berns. Prior to this, Mr. Swartz served as managing partner and was on the national board of directors of a 50 office international accounting firm. Mr. Swartz is also a former CFO of a publicly held shopping center and development company.
Levitt, Lawrence Lawrence L. Levitt has served as Director of RadNet, Inc. since 2005. He is a C.P.A. and since 1987 has been the President and Chief Financial Officer of Canyon Management Company, a company which manages a privately held investment fund. Mr. Levitt is also a director of River Downs Management Company, operator of a thoroughbred racetrack in Ohio.
Cadwell, Marvin Marvin S. Cadwell has served as Director of RadNet, Inc. He served as a director of Radiologix, Inc. ("Radiologix") between June 2002 and November 2006. He was appointed Chairman of the Board of Radiologix in December 2002 and served as Chairman of the Nominations and Governance Committee of the Board of Radiologix. He was the Radiologix interim Chief Executive Officer from September 2004 until November 2004. From December 2001 until November 2002, Mr. Cadwell served as Chief Executive Officer of SoftWatch, Ltd., an Israeli based company that provides Internet software. Since 2003, he has served as a director of ChartOne, Inc., a private company that provides patient chart management services to the healthcare industry.
Sherman, Michael Michael L. Sherman, M.D., F.A.C. R., has served as Director of RadNet, Inc. He served as a Radiologix director from 1997 until November 2006. He served as President of Advanced Radiology, P.A., a 90-person radiology practice located in Baltimore, Maryland, from 1995 to 2001, and subsequently as its board chairman and a consultant until his retirement from active practice in 2005. Radiologix has a contractual relationship with Advanced Radiology, P.A. Dr. Sherman has broad experience in the medical and business aspects of radiology. In addition, Dr. Sherman was a director of MedStar Health, a seven-hospital system in the Baltimore-Washington, D.C. market from 1998 until 2006. He continues to serve on the board of MedStar Health’s captive insurance company, Greenspring Financial Insurance Limited, Inc. Dr. Sherman is also a Senior Advisor for healthcare at FOCUS Enterprises, a Washington, D.C.-based investment banking firm.

Basic Compensation

Name Fiscal Year Total
Berger, Howard 500,000
Stolper, Mark 442,516
Linden, Jeffrey 493,570
Hames, Norman 447,656
Forthuber, Stephen 375,000
Murdock, Michael --
Crues, John 512,805
Swartz, David --
Levitt, Lawrence --
Cadwell, Marvin --
Sherman, Michael --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Berger, Howard 343,200 0
Stolper, Mark 0 0
Linden, Jeffrey 521,000 1,459,000
Hames, Norman 3,000,000 0
Forthuber, Stephen 0 0
Murdock, Michael 0 0
Crues, John 560,344 2,086,000
Swartz, David 0 0
Levitt, Lawrence 0 0
Cadwell, Marvin 0 0
Sherman, Michael 0 0

Insider Trading

Name Shares Traded Price
SWARTZ DAVID L 25,000 $0.80
LEVITT LAWRENCE L 25,000 $0.64
HAMES NORMAN R 25,000 $2.02
BERGER HOWARD G FRAN 360 $0.00
HAMES NORMAN R 18,968 $2.05
HAMES NORMAN R 7,900 $2.09
HAMES NORMAN R 3,241 $2.20
HAMES NORMAN R 19,891 $2.20
BERGER HOWARD G FRAN 2,000 $0.00
STOLPER MARK D 22,200 $2.36
STOLPER MARK D 7,914 $2.33
STOLPER MARK D 49,402 $2.34
STOLPER MARK D 20,484 $2.32
STOLPER MARK D 1,500 $2.39
STOLPER MARK D 67,715 $2.38
STOLPER MARK D 30,785 $2.35
STOLPER MARK D 65,000 $3.00
STOLPER MARK D 325,000 $0.60
HAMES NORMAN R 2,600 $2.56
HAMES NORMAN R 4,837 $2.50
HAMES NORMAN R 300 $2.55
HAMES NORMAN R 7,263 $2.54
HAMES NORMAN R 21,676 $2.57
HAMES NORMAN R 24 $2.43
HAMES NORMAN R 12,500 $2.58
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