dismiss

Clean Sweep Live Auction on Wed. February 27th. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
Advertisement

 

advertisement

 

Business Affairs Homepage

Maybe competition is good for what 'ails' hospitals Mergers may be good for business, but what about patients?

Frost & Sullivan outline 10 growth factors for precision imaging market Market predicted to be more than $8 billion by 2027

More of GE healthcare unit could be on block: CEO CEO Culp speaks in post-earnings call after company exceeds Q4 expectations

Philips, Lunit, Vuno in healthcare AI deal Forging partnerships to advance AI applications

Trade war forcing Philips to move production between US, China CEO van Houten addresses company growth in earnings call

Aetna, Anthem, Health Care Service, PNC Bank and IBM collaborate on healthcare blockchain 'ecosystem' Increasing industry transparency

Clinical wearables – remaining competitive in an evolving market Insights from Ravi Kuppuraj, Business Leader of Connected Sensing Venture for Philips

Mass General plans $1 billion new building Adding a 12-story building with 450 single-bed rooms

iSchemaView, NeuroLogica partner for stroke care Bringing the RAPID platform to the portable CereTom CT

Bayer closing Pittsburgh operations to consolidate company Jobs impacted will include 569 positions and 96 contractors

RadNet buys Kern Radiology

by Thomas Dworetzky , Contributing Reporter
RadNet, the outpatient imaging company, has bought Kern Radiology Medical Center in Bakersfield, California. No financial details were announced.

“Patients will get better service because there will be more physicians around,” Dr. Girish Patel, who sold nearby Truxtun Radiology Medical Group to RadNet in 2010 but has remained in charge of the group, told The Bakersfield Californian in Kern County, California.

Story Continues Below Advertisement

THE (LEADER) IN MEDICAL IMAGING TECHNOLOGY SINCE 1982. SALES-SERVICE-REPAIR

Special-Pricing Available on Medical Displays, Patient Monitors, Recorders, Printers, Media, Ultrasound Machines, and Cameras.This includes Top Brands such as SONY, BARCO, NDS, NEC, LG, EDAN, EIZO, ELO, FSN, PANASONIC, MITSUBISHI, OLYMPUS, & WIDE.



“Even with similar physicians, we can, you know, divide the workload better,” he added.

RadNet has grown, since it was begun by six doctors in 1981 as a single imaging center near Cedars-Sinai in Los Angeles, to become a publicly traded company with “341 locations, more than 500 radiologists and approximately 7,100 employees,” according to its web site. It stated that it is the biggest firm of its kind in the country, with regional networks in New Jersey, New York, Delaware, Maryland, California, and Florida.

Kern Radiology began in 1968 and was owned by nine doctors, and now has four offices. The local firm has contracts with Dignity Health, including its Bakersfield Memorial Hospital and Mercy, according to The Bakersfield newspaper.

In 2015, when RadNet acquired Diagnostic Imaging Group (DIG) for about $56.7 million, CEO and president Dr. Howard Berger stated, “Diagnostic Imaging Group has been one of the premier operators in our industry, and has been in business about as long as RadNet,” adding, “with this transaction, we establish a relationship with approximately 20 radiologists who currently service the DIG facilities through a contracted affiliated professional services entity.”

More recently, in late 2018, RadNet again made a move in the greater New York market, when it acquired Medical Arts Radiology, which has ten imaging centers in Long Island, New York, providing MR, CT, PET/CT, X-ray, ultrasound, bone density and interventional procedures. The ten centers annually generate approximately $40 million of patient revenue, perform approximately 180,000 imaging procedures, and add roughly 350 full-time and part-time employees to its roster.

“After building a significant presence in the neighboring boroughs of New York City, including Queens, Brooklyn, Manhattan and the Bronx, we have been interested for some time in entering the Long Island marketplace,” Berger stated at the time.
  Pages: 1 - 2 >>

Business Affairs Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.
ALL RIGHTS RESERVED