# RadNet, Inc.

Summary updated: 2026-10-02T16:26:59.408796Z
Canonical: https://finbar.com/research/companies/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](https://app.finbar.com/go?id=P18703172)[2](https://app.finbar.com/go?id=P111362277)

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](https://app.finbar.com/go?id=P18703172)[3](https://www.radnet.com/about-radnet) The company describes its mission as providing comprehensive radiology solutions, with an emphasis on accessible, high-quality and cost-effective care. [3](https://www.radnet.com/about-radnet)

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](https://app.finbar.com/go?id=T5957605)[5](https://app.finbar.com/go?id=P13115520) The company traces its origins to 1981, when six doctors opened its first imaging center near Cedars-Sinai Medical Center. [6](https://www.radnet.com/about-radnet/history)
[1](https://app.finbar.com/go?id=P18703172)[2](https://app.finbar.com/go?id=P111362277)[3](https://www.radnet.com/about-radnet)[4](https://app.finbar.com/go?id=T5957605)[5](https://app.finbar.com/go?id=P13115520)[6](https://www.radnet.com/about-radnet/history)[3](https://www.radnet.com/about-radnet)[6](https://www.radnet.com/about-radnet/history)

## 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](https://app.finbar.com/go?id=P26330861)[8](https://app.finbar.com/go?id=P76605395)[9](https://app.finbar.com/go?id=P86803368)

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](https://app.finbar.com/go?id=P155425540)[11](https://app.finbar.com/go?id=P155425542) Named offerings include Diagnostic Suite and TechLive workspaces, SmartMammo, SmartSonography, Breast Suite and ProFound Pro (marketed as Mammo Dx). [12](https://www.radnet.com/about-radnet/news/radnet-s-wholly-owned-subsidiary-deephealth-launches-new-ai-powered-informatics-and-smarttechnology-innovations-at-rsna2024)[13](https://www.radnet.com/about-radnet/news/deephealth-launches-breast-suite-elevating-breast-cancer-detection-risk-stratification-and-workflow) 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](https://app.finbar.com/go?id=T17923133)
[7](https://app.finbar.com/go?id=P26330861)[8](https://app.finbar.com/go?id=P76605395)[9](https://app.finbar.com/go?id=P86803368)[10](https://app.finbar.com/go?id=P155425540)[11](https://app.finbar.com/go?id=P155425542)[14](https://app.finbar.com/go?id=T17923133)[14](https://app.finbar.com/go?id=T17923133)[14](https://app.finbar.com/go?id=T17923133)[14](https://app.finbar.com/go?id=T17923133)[12](https://www.radnet.com/about-radnet/news/radnet-s-wholly-owned-subsidiary-deephealth-launches-new-ai-powered-informatics-and-smarttechnology-innovations-at-rsna2024)[13](https://www.radnet.com/about-radnet/news/deephealth-launches-breast-suite-elevating-breast-cancer-detection-risk-stratification-and-workflow)[12](https://www.radnet.com/about-radnet/news/radnet-s-wholly-owned-subsidiary-deephealth-launches-new-ai-powered-informatics-and-smarttechnology-innovations-at-rsna2024)[13](https://www.radnet.com/about-radnet/news/deephealth-launches-breast-suite-elevating-breast-cancer-detection-risk-stratification-and-workflow)

## 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](https://app.finbar.com/go?id=P18703172)[15](https://app.finbar.com/go?id=P78434312) 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](https://app.finbar.com/go?id=P78434312)[16](https://app.finbar.com/go?id=P72015360)

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](https://app.finbar.com/go?id=P38166085)[5](https://app.finbar.com/go?id=P13115520) The company does not report revenue by state or geographic region; its disclosed revenue segments are business lines rather than geographies. [18](https://app.finbar.com/go?id=T5176911)
[1](https://app.finbar.com/go?id=P18703172)[15](https://app.finbar.com/go?id=P78434312)[16](https://app.finbar.com/go?id=P72015360)[17](https://app.finbar.com/go?id=P38166085)[5](https://app.finbar.com/go?id=P13115520)[18](https://app.finbar.com/go?id=T5176911)

## 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](https://app.finbar.com/go?id=P12292601)[1](https://app.finbar.com/go?id=P18703172) Digital Health provides health-informatics and radiology software, including radiology information systems, picture archiving and communication systems, and clinical AI and workflow applications. [20](https://app.finbar.com/go?id=P94289510)[10](https://app.finbar.com/go?id=P155425540) 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](https://app.finbar.com/go?id=P38061810)

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](https://www.sec.gov/Archives/edgar/data/790526/000162828026013337/rdnt-20251231.htm) For the six months ended June 30, 2026, the respective contributions were approximately **96.7%** and **3.3%**. [23](https://www.sec.gov/Archives/edgar/data/790526/000162828026055338/rdnt-20260630.htm)
[19](https://app.finbar.com/go?id=P12292601)[1](https://app.finbar.com/go?id=P18703172)[20](https://app.finbar.com/go?id=P94289510)[10](https://app.finbar.com/go?id=P155425540)[21](https://app.finbar.com/go?id=P38061810)[18](https://app.finbar.com/go?id=T5176911)[24](https://app.finbar.com/go?id=T17923103)[22](https://www.sec.gov/Archives/edgar/data/790526/000162828026013337/rdnt-20251231.htm)[23](https://www.sec.gov/Archives/edgar/data/790526/000162828026055338/rdnt-20260630.htm)

## 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](https://www.radnet.com/about-radnet/history)

In 2006, Primedex acquired Radiologix and changed its name to RadNet, Inc. [25](https://www.radnet.com/about-radnet/news/primedex-health-systems-inc-announces-closing-of-acquisition-of-radiologix-inc) [26](https://www.radnet.com/about-radnet/news/primedex-health-systems-announces-one-for-two-reverse-stock-split-and-name-change-to-radnet-inc) 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](https://www.radnet.com/about-radnet/news/radnet-announces-agreement-to-acquire-the-papastavros-group-of-imaging-centers-in-delaware) [28](https://www.radnet.com/about-radnet/news/radnet-acquires-the-united-states-imaging-operations-of-cml-healthcare-and-increases-the-size-of-its-current-revolving-credit-facility) In 2020, it announced an agreement to acquire DeepHealth, marking an expansion into radiology artificial intelligence and machine learning. [29](https://www.radnet.com/about-radnet/news/radnet-acquire-deephealth-inc-expanding-its-efforts-artificial-intelligence)
[6](https://www.radnet.com/about-radnet/history)[25](https://www.radnet.com/about-radnet/news/primedex-health-systems-inc-announces-closing-of-acquisition-of-radiologix-inc)[26](https://www.radnet.com/about-radnet/news/primedex-health-systems-announces-one-for-two-reverse-stock-split-and-name-change-to-radnet-inc)[27](https://www.radnet.com/about-radnet/news/radnet-announces-agreement-to-acquire-the-papastavros-group-of-imaging-centers-in-delaware)[28](https://www.radnet.com/about-radnet/news/radnet-acquires-the-united-states-imaging-operations-of-cml-healthcare-and-increases-the-size-of-its-current-revolving-credit-facility)[29](https://www.radnet.com/about-radnet/news/radnet-acquire-deephealth-inc-expanding-its-efforts-artificial-intelligence)

## Sources

1. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18703172)
2. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P111362277)
3. [www.radnet.com](https://www.radnet.com/about-radnet)
4. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T5957605)
5. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P13115520)
6. [www.radnet.com](https://www.radnet.com/about-radnet/history)
7. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P26330861)
8. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P76605395)
9. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86803368)
10. [RadNet, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P155425540)
11. [RadNet, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P155425542)
12. [www.radnet.com](https://www.radnet.com/about-radnet/news/radnet-s-wholly-owned-subsidiary-deephealth-launches-new-ai-powered-informatics-and-smarttechnology-innovations-at-rsna2024)
13. [www.radnet.com](https://www.radnet.com/about-radnet/news/deephealth-launches-breast-suite-elevating-breast-cancer-detection-risk-stratification-and-workflow)
14. [RadNet, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T17923133)
15. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78434312)
16. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72015360)
17. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38166085)
18. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T5176911)
19. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P12292601)
20. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P94289510)
21. [RadNet, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38061810)
22. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/790526/000162828026013337/rdnt-20251231.htm)
23. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/790526/000162828026055338/rdnt-20260630.htm)
24. [RadNet, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T17923103)
25. [www.radnet.com](https://www.radnet.com/about-radnet/news/primedex-health-systems-inc-announces-closing-of-acquisition-of-radiologix-inc)
26. [www.radnet.com](https://www.radnet.com/about-radnet/news/primedex-health-systems-announces-one-for-two-reverse-stock-split-and-name-change-to-radnet-inc)
27. [www.radnet.com](https://www.radnet.com/about-radnet/news/radnet-announces-agreement-to-acquire-the-papastavros-group-of-imaging-centers-in-delaware)
28. [www.radnet.com](https://www.radnet.com/about-radnet/news/radnet-acquires-the-united-states-imaging-operations-of-cml-healthcare-and-increases-the-size-of-its-current-revolving-credit-facility)
29. [www.radnet.com](https://www.radnet.com/about-radnet/news/radnet-acquire-deephealth-inc-expanding-its-efforts-artificial-intelligence)

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