RadNet Forms Joint Venture with Saint Alphonsus Health System
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
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Should l Buy RDNT?
RadNet announced the formation of a joint venture with Saint Alphonsus Health System through the acquisition of a majority equity position in Intermountain Medical Imaging, the owner of five outpatient multi-modality imaging centers in Boise, Idaho. The Idaho-based joint venture with Saint Alphonsus Health System, which is part of Trinity Health, operates three multimodality outpatient imaging centers in Meridian and Eagle, as well as facilities at two Saint Alphonsus medical centers. The existing contracted radiology practice for the joint venture, Gem State Radiology, will continue providing professional radiology services to the five locations through its network of nearly 30 radiologists. RadNet will assume management of the operations for each of the five locations. The centers currently offer a mix of MRI, CT, PET/CT, mammography, ultrasound, X-ray and other related procedures. The new joint venture is projected to generate approximately $30M in annual revenue for RadNet.
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Analyst Views on RDNT
Wall Street analysts forecast RDNT stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 57.500
Low
86.00
Averages
90.17
High
95.00
Current: 57.500
Low
86.00
Averages
90.17
High
95.00
About RDNT
RadNet, Inc. is a national provider of fixed-site diagnostic imaging services in the United States. The Company has a network of 407 owned and/or operated outpatient imaging centers. Its Imaging Center segment provides physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Its services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. Its Digital Health segment develops and deploys clinical applications to enhance interpretation of medical images and improve patient outcomes with an emphasis on brain, breast, prostate, and pulmonary diagnostics. It provides radiology information technology and artificial intelligence (AI) solutions marketed under the DeepHealth brand and teleradiology professional services. It is also a provider of AI-powered breast health solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RadNet Reports Strong Q1 2026 Financial Results with 22.1% Revenue Growth
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- Substantial EBITDA Improvement: The Adjusted EBITDA for Q1 2026 reached $63.3 million, a 36.3% increase compared to the same period last year, reflecting significant enhancements in operational efficiency and cost control, which bolster expectations for future profitability.
- Optimistic Future Outlook: RadNet revised its Imaging Center guidance for 2026, anticipating further growth in revenue and free cash flow, demonstrating confidence in future market demand, particularly through its partnership with Trinity Health, which will further drive the implementation of digital health solutions.
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- Narrowing Losses: The company recorded a net loss of $24.73 million, or $0.43 per share, in Q1 2026, which is an improvement compared to a loss of $29.74 million, or $0.51 per share, in Q1 2025, suggesting progress in cost control and operational efficiency.
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- Company Financial Performance: RadNet reported over $2 billion in revenue for 2025, an 11.5% increase year-over-year, alongside adjusted EBITDA of $20.8 million, up 7.4%, highlighting strong growth potential in both its imaging center and digital health segments, with projected 18% revenue growth for the imaging center segment.
- Investor Takeaway: Despite Sorensen's share reduction, he retains over 1.2 million shares, indicating alignment with shareholder interests, and investors should focus on the company's performance in imaging volumes and software growth, as the recent stock decline may reflect market sentiment rather than fundamental changes.
See More
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- Insider Trading: On March 18, 2026, RadNet's Chief Strategy Officer Gregory Sorensen sold 15,000 shares for approximately $932,000, indicating a cautious outlook on the company's future amidst market volatility.
- Ownership Adjustment: This sale reduced Sorensen's holdings by just over 1%, yet he retains over 1.2 million shares, suggesting he remains aligned with shareholder interests despite the recent stock decline.
- Company Performance Overview: RadNet reported full-year revenue exceeding $2 billion for 2025, an 11.5% increase year-over-year, alongside adjusted EBITDA of $20.8 million, up 7.4%, highlighting the company's growth potential in the medical imaging sector.
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See More
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- Digital Health Strategy: During the call, RadNet will share insights into its digital health strategy, particularly focusing on AI-powered health informatics solutions offered under the DeepHealth brand, aimed at improving clinical outcomes and operational efficiency in imaging.
- Investor Engagement Opportunity: Investors will have the chance to ask questions during the call, which not only enhances investor confidence but also provides direct feedback to management, fostering better communication between the company and its investors.
- Global Market Impact: Gleamer's AI solutions have analyzed over 30 million exams across more than 2,250 locations in 44 countries, and RadNet's acquisition is set to further expand its global market share, enhancing its influence in the medical imaging industry.
See More
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- Significant Revenue Growth: In Q1 2026, RadNet achieved total revenue of $575.6 million, reflecting a 22.1% year-over-year increase, primarily driven by a rebound in advanced imaging procedural volumes, showcasing the company's strong recovery capabilities in the market.
- Digital Health Segment Outperformance: The Digital Health segment reported a 51.5% increase in revenue to $29.1 million, although Adjusted EBITDA decreased to $1.3 million, indicating that ongoing investments in digital transformation are yielding positive results despite short-term challenges.
- Substantial EBITDA Improvement: The Adjusted EBITDA for Q1 2026 reached $63.3 million, a 36.3% increase compared to the same period last year, reflecting significant enhancements in operational efficiency and cost control, which bolster expectations for future profitability.
- Optimistic Future Outlook: RadNet revised its Imaging Center guidance for 2026, anticipating further growth in revenue and free cash flow, demonstrating confidence in future market demand, particularly through its partnership with Trinity Health, which will further drive the implementation of digital health solutions.
See More
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- Significant Revenue Growth: RadNet reported net revenues of $576.63 million in Q1 2026, a substantial increase from $471.40 million in the same quarter last year, indicating strong demand and market expansion in the diagnostic imaging sector.
- Narrowing Losses: The company recorded a net loss of $24.73 million, or $0.43 per share, in Q1 2026, which is an improvement compared to a loss of $29.74 million, or $0.51 per share, in Q1 2025, suggesting progress in cost control and operational efficiency.
- Improved EBITDA: Adjusted EBITDA reached $63.26 million, up from $46.40 million a year earlier, reflecting ongoing enhancements in profitability and operational efficiency within the company.
- Optimistic 2026 Outlook: RadNet expects revenues to range between $2.355 billion and $2.405 billion for 2026, a significant increase from $2.040 billion in 2025, while adjusted EBITDA is projected to be between $340 million and $353 million, highlighting strong future growth potential.
See More
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- Executive Sell-Off: Chief Strategy Officer Gregory Sorensen sold 15,000 shares of RadNet on March 18 through multiple open-market transactions, totaling approximately $932,000, resulting in a 1.21% decrease in direct holdings to 1,223,923 shares, indicating a cautious outlook on the company's future.
- Transaction Context: This sale marks Sorensen's only open-market transaction in the past nine months, following a significant sale of 100,000 shares last May, suggesting that current market conditions may be influencing executive decisions, especially as RadNet's stock has declined about 12% in 2026.
- Company Financial Performance: RadNet reported over $2 billion in revenue for 2025, an 11.5% increase year-over-year, alongside adjusted EBITDA of $20.8 million, up 7.4%, highlighting strong growth potential in both its imaging center and digital health segments, with projected 18% revenue growth for the imaging center segment.
- Investor Takeaway: Despite Sorensen's share reduction, he retains over 1.2 million shares, indicating alignment with shareholder interests, and investors should focus on the company's performance in imaging volumes and software growth, as the recent stock decline may reflect market sentiment rather than fundamental changes.
See More
RadNet Insider Sells Shares Amid Market Skepticism
- Insider Trading: On March 18, 2026, RadNet's Chief Strategy Officer Gregory Sorensen sold 15,000 shares for approximately $932,000, indicating a cautious outlook on the company's future amidst market volatility.
- Ownership Adjustment: This sale reduced Sorensen's holdings by just over 1%, yet he retains over 1.2 million shares, suggesting he remains aligned with shareholder interests despite the recent stock decline.
- Company Performance Overview: RadNet reported full-year revenue exceeding $2 billion for 2025, an 11.5% increase year-over-year, alongside adjusted EBITDA of $20.8 million, up 7.4%, highlighting the company's growth potential in the medical imaging sector.
- Market Reaction Analysis: Despite solid fundamentals, RadNet's stock has fallen about 12% in 2026, reflecting investor skepticism, prompting a need for careful evaluation of both internal and external factors affecting stock performance.
See More
Investment Risks and Opportunities in Small-Cap Stocks
- PlayStudios Financial Struggles: PlayStudios (MYPS), with a market cap of $63.05 million, has experienced a 2.7% annual revenue decline over the past five years, indicating market positioning issues, while its free cash flow margin of only 12.8% limits growth investment capabilities, resulting in a stock price of $0.50 and a valuation ratio of 0.3x forward price-to-sales.
- RadNet Operational Challenges: RadNet (RDNT), valued at $4.97 billion, operates over 350 imaging facilities but has a smaller revenue base of $2.04 billion, failing to achieve economies of scale, with adjusted operating margins declining by 3 percentage points; lacking free cash flow restricts reinvestment opportunities, trading at $64.50 per share with a forward P/E of 103.3x.
- Artisan Partners Growth Concerns: Artisan Partners (APAM), with a market cap of $2.50 billion, has shown lackluster sales trends with only 5.9% annual growth over the past five years, trailing behind typical financial firms, and its earnings per share growth of 3.4% lags revenue gains, currently trading at $35.48 per share with a forward P/E of 8.6x, indicating profitability issues.
- Risks in Small-Cap Investments: Small-cap stocks, such as those in the Russell 2000 index, often come with higher volatility and risks, necessitating careful selection by investors; StockStory's research reports assist in identifying better investment opportunities to avoid potential financial pitfalls.
See More
RadNet to Host Investor Conference Call on Acquisition and Digital Health Strategy
- Acquisition Announcement: RadNet will hold a conference call on March 5, 2026, to detail its acquisition of Gleamer SAS, which is expected to enhance its competitive position in the medical imaging sector and drive future revenue growth.
- Digital Health Strategy: During the call, RadNet will share insights into its digital health strategy, particularly focusing on AI-powered health informatics solutions offered under the DeepHealth brand, aimed at improving clinical outcomes and operational efficiency in imaging.
- Investor Engagement Opportunity: Investors will have the chance to ask questions during the call, which not only enhances investor confidence but also provides direct feedback to management, fostering better communication between the company and its investors.
- Global Market Impact: Gleamer's AI solutions have analyzed over 30 million exams across more than 2,250 locations in 44 countries, and RadNet's acquisition is set to further expand its global market share, enhancing its influence in the medical imaging industry.
See More
