Edition:
United States

RadNet Inc (RDNT.OQ)

RDNT.OQ on NASDAQ Stock Exchange Global Market

10.10USD
3:59pm EST
Change (% chg)

$0.40 (+4.12%)
Prev Close
$9.70
Open
$9.80
Day's High
$10.25
Day's Low
$9.80
Volume
50,687
Avg. Vol
74,210
52-wk High
$11.90
52-wk Low
$5.25

Latest Key Developments (Source: Significant Developments)

MemorialCare And RadNet Form Joint Venture
3:00pm EST 

Dec 18 (Reuters) - MemorialCare::MEMORIALCARE SAYS CO, RADNET HAVE FORMED A JOINT VENTURE.MEMORIALCARE - UNDER JV, WITH OPERATIONS BEGINNING JAN 1, 2018, RADNET WILL CONTRIBUTE 24 EXISTING OUTPATIENT IMAGING CENTERS IN LOS ANGELES & ORANGE COUNTIES.MEMORIALCARE - UNDER JV, MEMORIALCARE WILL CONTRIBUTE 10 OUTPATIENT IMAGING FACILITIES IN MANY OF THE MARKETS IN LOS ANGELES & ORANGE COUNTIES.  Full Article

Radnet And Memorialcare Announce Joint Venture, Creating Imaging Network Serving Orange And Los Angeles Counties
6:00am EST 

Dec 18 (Reuters) - Radnet Inc ::RADNET, INC. AND MEMORIALCARE ANNOUNCE A JOINT VENTURE, CREATING THE LARGEST, MOST ACCESSIBLE IMAGING NETWORK SERVING ORANGE AND LOS ANGELES COUNTIES, CALIFORNIA.RADNET - UNDER JV, CO WILL CONTRIBUTE 24 EXISTING OUTPATIENT IMAGING CENTERS IN ORANGE COUNTY, LONG BEACH, SOUTH BAY AND OTHER ANGELES COUNTY CITIES.RADNET INC - UPON COMMENCEMENT OF OPERATIONS, RADNET WILL BE MAJORITY OWNER OF JOINT VENTURE.RADNET INC - UNDER JOINT VENTURE MEMORIALCARE WILL CONTRIBUTE 10 OUTPATIENT IMAGING FACILITIES IN MANY OF THOSE MARKETS.  Full Article

RadNet reports Q3 earnings per share $0.07
Thursday, 9 Nov 2017 06:00am EST 

Nov 9 (Reuters) - RadNet Inc :RadNet reports third quarter financial results and reaffirms previously announced 2017 guidance levels.Q3 earnings per share $0.07.Q3 adjusted earnings per share $0.12.Q3 revenue rose 1.9 percent to $227.6 million.Q3 earnings per share view $0.12, revenue view $232.8 million -- Thomson Reuters I/B/E/S.‍Reaffirms its previously announced 2017 guidance​.RadNet - ‍Due to lower interest expense from refinancing transaction, co ay be below its cash interest expense guidance level for year​.  Full Article

Nantcapital completes equity investment in Radnet with purchase of 1.1 mln Radnet shares
Tuesday, 3 Oct 2017 06:00am EDT 

Oct 3 (Reuters) - Radnet Inc ::Nantcapital completes equity investment in Radnet with purchase of 1.1 million shares of Radnet, Inc Common stock.Radnet - ‍entities affiliated with Nantworks founder, Patrick Soon-Shiong, bought 1.1 million common shares of co in private sale with HFB heirs' family trust​.  Full Article

Radnet Inc director Michael Sherman​ sells 8,035 shares of co's common stock on Sept 11
Tuesday, 12 Sep 2017 01:55pm EDT 

Sept 12 (Reuters) - Radnet Inc :Radnet Inc director Michael Sherman​ reports sale of 8,035 shares of co's common stock on sept 11 at $11.02 per share - SEC filing.  Full Article

Radnet, Nantworks and Verity Health System announce strategic relationships
Tuesday, 5 Sep 2017 06:00am EDT 

Sept 5 (Reuters) - Radnet Inc :Radnet, Nantworks and Verity Health System announce strategic relationships related to breast cancer and integrated care models, clinical trials, high speed fiber optics and artificial intelligence.Radnet Inc- Verity Health has assumed professional responsibilities and acquired certain assets related to Radnet's California breastlink operations.Radnet Inc- Radnet would become part of Nantworks' imaging network for research on new drugs and therapies related to cancer and other diseases.  Full Article

Radnet says unit entered amendment No. 5, consent and incremental joinder agreement to credit and guaranty agreement
Wednesday, 23 Aug 2017 06:29am EDT 

Aug 23 (Reuters) - Radnet Inc :Radnet Inc - ‍on August 22, unit entered Amendment no. 5, Consent And Incremental Joinder Agreement To Credit And Guaranty Agreement - SEC Filing​.Radnet - ‍under amended, co has about $637 million in first lien term loans outstanding, $117.5 million revolving credit facility, which was undrawn as of June 30.Radnet Inc - ‍amendment amends existing first lien credit agreement to permit issuance of $170 million in incremental first lien term loans​.  Full Article

Radnet reports Q2 earnings per share $0.11
Tuesday, 8 Aug 2017 06:00am EDT 

Aug 8 (Reuters) - Radnet Inc :Radnet reports second quarter financial results to include record revenue and EBITDA, the acquisition of Diagnostic Imaging Associates of Delaware and a refinancing transaction.Q2 earnings per share $0.11.Q2 revenue rose 5.2 percent to $230 million.Radnet Inc says reaffirms its previously announced 2017 guidance.Radnet Inc says reports it will be soliciting a refinancing transaction to raise $170 million.Radnet inc says reported it acquired diagnostic imaging associates ("DIA"), Radnet's principal non-hospital outpatient competitor in Delaware.Radnet Inc says acquisition should provide Radnet with approximately $14 million of additional revenue on an annual basis.  Full Article

Radnet reports Q1 loss per share $0.03
Wednesday, 10 May 2017 06:00am EDT 

May 10 (Reuters) - Radnet Inc : :Radnet reports first quarter financial results and reaffirms 2017 guidance ranges.Q1 loss per share $0.03.Q1 revenue $229 million versus I/B/E/S view $222.9 million.Radnet Inc - reaffirms its previously announced 2017 guidance ranges.FY2017 earnings per share view $0.27, revenue view $911.5 million -- Thomson Reuters I/B/E/S.FY2017 revenue view $911.5 million -- Thomson Reuters I/B/E/S.  Full Article

RadNet says has signed, begun operations of two imaging joint ventures with Cedars-Sinai
Monday, 3 Apr 2017 06:00am EDT 

RadNet Inc : RadNet Inc says has signed and begun operations of two imaging joint ventures with cedars-sinai . Radnet -under terms of joint venture in San Fernando Valley, Cedars-Sinai has purchased an interest in four imaging centers previously owned by RadNet .RadNet Inc says under terms of joint venture agreements, RadNet will continue to manage operations of imaging centers on a day-to-day basis.  Full Article

BRIEF-MemorialCare And RadNet Form Joint Venture

* MEMORIALCARE - UNDER JV, WITH OPERATIONS BEGINNING JAN 1, 2018, RADNET WILL CONTRIBUTE 24 EXISTING OUTPATIENT IMAGING CENTERS IN LOS ANGELES & ORANGE COUNTIES