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RadNet history
RadNet company history timeline
In 1990, Doctor Berger and Doctor Michael Krane, our Director of Utilization Management, purchased the interests of their four other partners, and became the sole owners of RadNet.
In June 1992, RadNet was acquired by Primedex Health Systems, Inc., a publicly traded company that, at the time, was engaged in providing management, administrative, and financial services to medical clinics focused on workers compensation claimants in the greater Los Angeles area.
Beginning in late 1993, because of the change in California workers compensation laws, Primedex divested itself of its workers compensation practice and began to focus exclusively on diagnostic imaging (RadNet).
Since 1994, RadNet has grown significantly through internal growth (same-store sales and the opening of de novo centers) and strategic acquisitions.
In 1995, Howard Berger became the largest individual shareholder of Primedex through his purchase of shares from the then largest shareholder.
In November of 2004, RadNet repurchased a portion of its debt at a discount through issuing $19.2 million of Senior Secured Notes to Post Advisory Group, a Los Angeles-based investment management firm which is part of the Principal Financial Group.
In March 2006, RadNet completed a $161 million re-capitalization through a syndicated loan transaction arranged by GE. In November 2006, in conjunction with its purchase of Radiologix, RadNet completed the funding of $405 million through a syndicated loan transaction arranged by GE.
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RadNet competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| American Radiology Services | - | $22.0M | 500 | - |
| Steinberg Diagnostic Medical Imaging | 1988 | $15.0M | 375 | 32 |
| Raleigh Radiology | 1950 | $950,000 | 136 | 15 |
| Fairfax Radiology Centers | 1963 | $48.0M | 375 | 30 |
| Advanced Radiology | - | $1.7M | 50 | 6 |
| Doshi Diagnostic | 1985 | $52.0M | 622 | - |
| Radiology | - | $3.6M | 224 | 10 |
| SimonMed Imaging | 2003 | $68.0M | 400 | 231 |
| Center for Diagnostic Imaging, Inc. | 1981 | $130.0M | 3,000 | 253 |
| Alliance HealthCare Services | 1983 | $505.5M | 2,450 | 42 |
RadNet history FAQs
Zippia gives an in-depth look into the details of RadNet, including salaries, political affiliations, employee data, and more, in order to inform job seekers about RadNet. The employee data is based on information from people who have self-reported their past or current employments at RadNet. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by RadNet. The data presented on this page does not represent the view of RadNet and its employees or that of Zippia.
RadNet may also be known as or be related to RADNet Ltd, RadNet, RadNet Inc, RadNet Inc., RadNet, Inc., Radnet and Radnet, Inc.