RadNet, Inc.

Overview

RadNet, Inc. is a U.S. outpatient diagnostic imaging and radiology services company, complemented by a Digital Health business. Its imaging centers provide services including MRI, CT, PET, mammography, ultrasound and X-ray; its digital health operations offer image-management systems and develop AI products for radiology.[1][2]

RadNet’s footprint is concentrated in the United States: it reported 418 imaging centers across nine states at year-end 2025, while its official site reported 442 centers across 11 states as of June 30, 2026.[1][3] The company describes its mission as providing comprehensive radiology solutions, with an emphasis on accessible, high-quality and cost-effective care.[3]

For FY2025, RadNet reported total service revenue of approximately $2.04 billion and 11,264 employees at year-end, including full-time, part-time and per-diem staff.[4][5] The company traces its origins to 1981, when six doctors opened its first imaging center near Cedars-Sinai Medical Center.[6] [1]+7

Products & services

RadNet provides outpatient diagnostic imaging services across MRI, CT, PET, nuclear medicine, mammography, ultrasound, X-ray and fluoroscopy. Its MRI systems range from 0.2T to 3.0T and produce high-resolution, three-dimensional cross-sectional images; PET uses radiopharmaceutical tracers to image metabolic activity and may be combined with CT or MRI.[7]+2

Its Digital Health portfolio includes DeepHealth OS, a cloud-native platform designed to unify clinical and operational workflows, and AI tools for breast, chest, musculoskeletal, neurological, prostate and thyroid care. The portfolio also includes iCAD breast-health AI, See-Mode ultrasound AI, CIMAR cloud image exchange and Gleamer AI for X-ray, MRI, CT and mammography.[10][11] Named offerings include Diagnostic Suite and TechLive workspaces, SmartMammo, SmartSonography, Breast Suite and ProFound Pro (marketed as Mammo Dx).[12][13] Digital Health revenue was $32.4 million in Q2 2026, up 56.5% year over year; first-half revenue was $61.5 million, up 54.1%.[14] [7]+12

Geographic presence

RadNet, Inc.’s imaging-center operations are concentrated in the United States. At December 31, 2025, it operated 418 centers, directly or through hospital and health-system joint ventures, across Arizona, California, Delaware, Florida, Maryland, Virginia, New Jersey, New York, and Texas.[1][15] The company also provides teleradiology services to U.K. National Health Service providers and has AI operations in the Netherlands and research and development centers in Canada and Hungary; these are not identified as imaging-center markets.[15][16]

RadNet’s principal executive offices are in Los Angeles, California. It reported 8,844 full-time, 432 part-time, and 1,988 per-diem employees at December 31, 2025, but did not disclose their geographic distribution.[17][5] The company does not report revenue by state or geographic region; its disclosed revenue segments are business lines rather than geographies.[18] [1]+5

Business segments

RadNet reports two business segments: **Imaging Center** and **Digital Health**. Imaging Center provides outpatient diagnostic imaging services, including MRI, CT, PET, nuclear medicine, mammography, ultrasound, X-ray and fluoroscopy.[19][1] Digital Health provides health-informatics and radiology software, including radiology information systems, picture archiving and communication systems, and clinical AI and workflow applications.[20][10] RadNet moved eRAD from Imaging Center and combined it with its former AI segment to form Digital Health in 2024; these offerings are not separately reported segments.[21]

Based on revenue from external customers, Imaging Center contributed approximately **97.5%** of consolidated revenue in fiscal 2025, while Digital Health contributed approximately **2.5%**.[22] For the six months ended June 30, 2026, the respective contributions were approximately **96.7%** and **3.3%**.[23] [19]+8

Company history

RadNet was founded in 1981 by six physicians, including Howard G. Berger, and opened its first imaging center near Cedars-Sinai Medical Center. In 1990, Berger and Michael Krane bought out the other four partners. The company’s expansion accelerated after it was acquired by Primedex Health Systems in June 1992; Primedex shifted its focus to diagnostic imaging in 1993 and expanded through acquisitions including Tower Imaging in 1994 and Diagnostic Imaging Systems beginning in 1996.[6]

In 2006, Primedex acquired Radiologix and changed its name to RadNet, Inc.[25][26] RadNet continued growing through acquisitions, including the Papastavros imaging centers in Delaware in 2007 and 21 imaging facilities in Maryland, Delaware, and Rhode Island in 2011.[27][28] In 2020, it announced an agreement to acquire DeepHealth, marking an expansion into radiology artificial intelligence and machine learning.[29] [6]+5

Sources

• RadNet, Inc. — Full financial report (2025 Y)
  14 citations

  [1][2][4][5][7][8][9][15][16][17][18][19][20][21]
• www.radnet.com[3]
• www.radnet.com[6]
• RadNet, Inc. — Full financial report (2026 Q 2)
  4 citations

  [10][11][14][24]
• www.radnet.com[12]
• www.radnet.com[13]
• www.sec.gov[22]
• www.sec.gov[23]
• www.radnet.com[25]
• www.radnet.com[26]
• www.radnet.com[27]
• www.radnet.com[28]
• www.radnet.com[29]