Radnet to Acquire Teleradiology and Radiology Staffing Provider Onrad for $350 Million

RadNet has agreed to acquire teleradiology and radiology staffing provider ONRAD for $350 million in cash, 5 million shares of RadNet common stock and potentially an additional $210 million earnout, according to a Monday announcement. 

ONRAD provides remote final interpretations and in-hospital radiology staffing through a network of more than 130 contracted radiologists. Its services include interventional and diagnostic coverage for hospitals, health systems and other imaging providers. The move represents a bid by RadNet to expand its services into hospital-based radiology. 

Read more at Radiology Business