LOS ANGELES, April 2, 2024 (GLOBE NEWSWIRE) — Radnet Co., Ltd. (NASDAQ: RDNT), The company, a national leader in providing high-quality fixed-site outpatient diagnostic imaging services through a network of 366 owned and/or operated outpatient imaging centers, today announced that it will enter into a new joint venture with Providence Health System (“Providence”) in March. announced that they had established a company. .
A new joint venture, Tri Valley Imaging Group, was formed with RadNet to offer four imaging centers in California: two in Burbank and one each in Panorama City and Santa Clarita. Providence donated three imaging centers to the joint venture, located in Santa Clarita, Mission Hills and Porter Ranch. In addition, the joint venture will develop his third imaging center in Burbank and add and upgrade technology at some locations provided by Providence.
“We are pleased to announce the formation of our second Southern California joint venture with Providence. “We are well-positioned to serve the medical community surrounding Providence Care facilities in Burbank, the San Fernando Valley and Santa Clarita, including Providence Medical Research Institute, Providence Medical Associates and Providence Specialty Medical Group,” said RadNet President. said Howard Berger, MD, Chief Executive Officer.
Tri Valley Imaging Group increases patient access to outpatient radiology by expanding its outpatient network of imaging centers across its target markets, including certain underserved areas. The joint venture aims to improve patient care by integrating RadNet's eRAD and DeepHealth ambulatory imaging technology solutions with Providence's Epic electronic medical record (EMR) system. The goal of this integration is to improve workflow, provide timely access to records, and provide faster results for patients and referring physicians.
“We are thrilled to be able to provide such a great service to our customers,” said Carl Keeler, CEO of the Providence LA-San Fernando Valley Service Area. “Through this new joint venture, we will advance our shared vision to improve patient access to high-quality imaging services throughout the San Fernando and Santa Clarita Valleys.”
About Radnet Co., Ltd.
RadNet, Inc. is a leading national provider of independent fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States based on number of locations and annual imaging revenue. RadNet has a network of 366 owned or operated outpatient imaging centers. RadNet's markets include Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York. RadNet has approximately 9,700 total employees, including full-time and per diem employees and affiliated radiologists, including technicians. For more information, please visit http://www.radnet.com.
About Providence Southern California
Providence Southern California has 11 hospitals, more than 100 clinics, outpatient centers, TrinityCare Hospice and its Trinity KidsCare pediatric hospice, Providence High School, home health services, eight wellness centers, telemedicine, and numerous physician groups. It is the largest medical system in Southern California. Southern California region. Providence is committed to an enduring mission of supporting the poor and vulnerable, and last year he donated $704 million to services, programs and charitable care for people in need.
contact:
Radnet Co., Ltd.
Mark Stolper
Executive Vice President and
CFO
310-445-2800
