RadNet is reporting revenue increases for the second quarter of the 2024 fiscal year and highlighting plans to open a total of 21 new centers between now and the end of 2025.
The company reported that total revenue for the quarter (end-June 30) increased by 13.9% to $459.7 million, up from $403.7 million in the same quarter in 2023. RadNet also reported a net loss of $3 million for the period as compared with a total company net income of $8.4 million for the same period in 2023.
The company plans to open six new centers by the end of this year and an additional 15 centers in 2025, in response to high demand and patient backlogs in many of its local markets, RadNet stated. About half of these new openings will be within existing health system partnerships.
