 | |
| Company type | Public |
|---|---|
| |
| Industry |
|
| Founded | 1981 |
| Founder | Howard Berger |
| Headquarters | , U.S. |
Area served | United States |
Key people | Norman Hames, Stephen Forthuber |
| Services |
|
Number of employees | 10,000 |
| Subsidiaries |
|
| Website | radnet |
RadNet is an American radiology firm. The company operates outpatient diagnostic imaging centers. RadNet is the largest provider of outpatient imaging services in the United States. [1]
RadNet was founded in 1981 as a small imaging center in Los Angeles. The nascent company was concerned with providing billing and administrative services to large medical care providers, with the initial RadNet imaging center being located near Cedars-Sinai Medical Center. [2]
In 1992 the company was bought by Primedex Health Systems, a California-based management company that catered to small medical clinics. In addition, much of Primedex's business was focused around dealing with workers' compensation claims. At the time of Primedex's acquisition of RadNet, the larger company was going through a period of rapid expansion; however, this growth was cut short in 1993 when the State of California implemented statuary changes to the way workers' compensation was managed. The changes made by California forced Primedex to switch its business focus, resulting in more funding being allocated for other services. Many of the company's new initiatives were centered around diagnostic imaging services, which were managed by RadNet. This growth within the greater Primedex conglomerate resulted in RadNet gaining considerable influence. By the end of the 1990s, RadNet had replaced effectively Primedex as the parent company, with many of Primedex's assets being folded into subsidiaries of RadNet. [3] [4]
In the early 2000s RadNet began a period of business expansion by acquiring smaller radiology firms and incorporating said firm's practice into RadNet's growing list of assets. [5] The company repurchased its debt in 2005 and in 2006 worked with General Electric to secure a $450 million syndicated loan with which to continue its corporate acquisitions. [6] 2006 also saw RadNet and Primedex split their stock, resulting in RadNet becoming the official parent company and Primedex becoming a subsidiary. [7] [2]
RadNet joined the S&P 600 in November 2019, replacing American newspaper provider Gannett Co. [8]
As of 2020 RadNet has continued to execute its plan for the strategic acquisition of new assets, namely smaller imaging centers. [9] [10] The company has also begun to open new outpatient centers to work with existing healthcare networks. [11] [12] [2] RadNet also moved to acquire DeepHealth, a machine learning firm working to develop radiology artificial intelligence. [13]
Agilent Technologies, Inc. is an American global company headquartered in Santa Clara, California, that provides instruments, software, services, and consumables for laboratories. Agilent was established in 1999 as a spin-off from Hewlett-Packard. The resulting IPO of Agilent stock was the largest in the history of Silicon Valley at the time. From 1999 to 2014, the company produced optics, semiconductors, EDA software and test and measurement equipment for electronics; that division was spun off to form Keysight. Since then, the company has continued to expand into pharmaceutical, diagnostics & clinical, and academia & government (research) markets.
GE HealthCare Technologies, Inc., organized in Delaware and headquartered in Chicago, Illinois, focuses on health technology. The company operates 4 divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical Diagnostics, which manufactures contrast agents and radiopharmaceuticals.
Kindred Healthcare was a post-acute healthcare services company that operated long-term acute-care hospitals and provides rehabilitation services across the United States.
Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
Encompass Health Corporation, based in Birmingham, Alabama, is one of the United States' largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 36 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. Effective January 2, 2018, the organization changed its name to Encompass Health Corporation and its New York Stock Exchange (NYSE) ticker symbol from HLS to EHC.
Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries, joint ventures, and partnerships, including United Surgical Partners International (USPI), the company operates 65 hospitals and over 450 healthcare facilities. Tenet also operates Conifer Health Solutions, which provides healthcare support services to health systems and other clients.
Oracle Health, formerly Cerner Corporation then Oracle Cerner, is a US-based, multinational provider of health information technology (HIT) platforms and services. As of February 2018, it had 27,000 customers globally and 29,000 employees, with over 13,000 at its headquarters in North Kansas City, Missouri.
Teleradiology is the transmission of radiological patient images from procedures such as x-rays photographs, Computed tomography (CT), and MRI imaging, from one location to another for the purposes of sharing studies with other radiologists and physicians. Teleradiology allows radiologists to provide services without actually having to be at the location of the patient. This is particularly important when a sub-specialist such as an MRI radiologist, neuroradiologist, pediatric radiologist, or musculoskeletal radiologist is needed, since these professionals are generally only located in large metropolitan areas working during daytime hours. Teleradiology allows for specialists to be available at all times.
Parexel International is an American provider of biopharmaceutical services. It conducts clinical trials on behalf of its pharmaceutical clients to expedite the drug approval process. It is the second largest clinical research organization in the world and has helped develop approximately 95% of the 200 top-selling biopharmaceuticals on the market today. The company publishes the annual Parexel R&D Statistical Sourcebook and operates the Parexel-Academy.
Summa Health is a nonprofit integrated healthcare delivery system in Northeast Ohio, United States. The Greater Akron Chamber (Ohio) documents Summa Health as the largest employer in Summit County with more than 7,000 employees. Summa provides comprehensive emergency, acute, critical, outpatient and long-term/home care.
Laboratory Corporation of America Holdings (Labcorp), headquartered in Burlington, North Carolina, provides laboratory services used for diagnosis and healthcare decisions. It operates one of the largest clinical laboratory networks in the world and has operations in over 100 countries; although its operations are primarily in the U.S.
Banner Health is a non-profit health system in the United States, based in Phoenix, Arizona. It operates 33 hospitals and several specialized facilities across 6 states. The health system is the largest employer in Arizona and one of the largest in the United States with over 55,000 employees.
PFSweb, Inc. is an eCommerce fulfillment and logistics 3PL service provider for business-to-business and direct-to-consumer companies. Its corporate headquarters were relocated from Allen, Texas to Irving, Texas in 2022. As of 2023, the company had 2.2 million square feet of warehouse space, and distribution centers in the U.S., the UK, Belgium, and Canada.
Athenahealth, Inc. is a privately held American company that provides network-enabled services for healthcare and point-of-care mobile apps in the United States.
TriNet Group, Inc. is a Dublin, California-based professional employer organization for small and medium-sized businesses. TriNet administers payroll and health benefits and advises clients on employment law compliance and risk reduction, acting in some cases as an outsourced human resources department. TriNet is headquartered in. TriNet partners with organizations between 3 and 2,500 employees.
PSS World Medical, Inc. was an American distributor of medical products, equipment, billing services and pharmaceutical related products to non-hospital healthcare providers. In 2008, the company celebrated its 25th year in business and was named to Forbes 400 Best Big Companies list for the second time. In 2013, the company was purchased by the McKesson Corporation and dissolved. The organization also ranked number 965 on the 2008 Fortune 1000 list of largest businesses, up from 980 the prior year.
Sonic Healthcare Limited is a Sydney-based, Australian company that provides laboratory services, pathology, radiology services and Primary care medical services.
Elevance Health, Inc. is an American health insurance provider. Prior to June 2022, Elevance Health was named Anthem, Inc. The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and Blue Shield, Anthem Blue Cross in California, Wellpoint, and Carelon. It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association. As of 2022, the company had 46.8 million members within its affiliated companies' health plans.
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of December 2022, Fortive has over 18,000 employees in 60 countries worldwide.
Ambra Health, is a software company that provides solutions for medical image sharing of DICOM and non-DICOM data between patients, physicians, and hospitals.