Radiology Business March 13, 2024
Industry giant RadNet Inc. closed its latest public stock offering on Tuesday, raising a total of approximately $230.2 million.
The Los Angeles-based imaging center operator sold some 5,232,500 shares of common stock at $44 apiece. After deducting commissions and other expenses from the offering, RadNet will put the money toward “general corporate purposes.”
“We may also use a portion of the net proceeds to acquire complementary businesses, products, services or technologies,” the company reported in a filing with the U.S. Securities and Exchange Commission ahead of the stock offering. “However, except for our previously announced acquisition in Houston, we do not have agreements or commitments to enter into any such acquisitions at this time.”
RadNet did not immediately respond...
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