Radiology Business January 17, 2025
RadNet Inc. sees potential midsize and larger acquisitions available to the company in the coming years, leaders told attendees Wednesday at the JP Morgan Healthcare Conference in San Francisco.
In recent years, the Los Angeles-based imaging center operator has focused on smaller “tuck-in” deals that increase market share in geographies where it already operates. RadNet previously estimated in June that it’s sitting on roughly $700 million in cash and wants to use these funds to fuel expansion.
Currently, the company operates about 400 outpatient centers, concentrated in California, Maryland, Delaware, New Jersey, New York, Florida, Texas and Arizona.
“In the normal course of our business, we acquire smaller operators. So, tuck-in transactions mostly in our markets is...