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RadNet to acquire Onrad for $350M

PUBLIC · RDNTOct 28, 2026

Acquiring Company

RadNet

Acquired Company

ONRAD

Los AngelesPhoenixBiotechnologyFood and BeverageMedia And EntertainmentHealth CareHealth CareMedical

Description

RadNet has agreed to acquire teleradiology provider Onrad for $350 million upfront, plus 5 million shares of stock. Up to $210 million more is payable tied to a 2027 earnings target. The deal forms a new Radiology Professional Services segment at RadNet.

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Company Information

Company

RadNet

Location

Los Angeles, California, United States

About

RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 350 owned and/or operated outpatient imaging centers. RadNet's markets include California, Maryland, Delaware, New Jersey, New York, Florida and Arizona. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 9,000 employees. For more information, visit http://www.radnet.com.

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Frequently asked

Who acquired ONRAD?

ONRAD was acquired by RadNet, based in Los Angeles. The deal was reported on October 28, 2026. RadNet, Inc. RadNet is publicly traded (RDNT) and operates in Biotechnology.

When did RadNet acquire ONRAD?

RadNet's acquisition of ONRAD was reported on October 28, 2026. RadNet has agreed to acquire teleradiology provider Onrad for $350 million upfront, plus 5 million shares of stock. Up to $210 million more is payable tied to a 2027 earnings target. The deal forms a new Radiology Professional Services segment at RadNet. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ONRAD do?

ONRAD, Inc. is a full service radiology services provider. As a partner to our customers, ONRAD can complement and expand the services already in place, or provide a more comprehensive solution that includes our full range of radiology solutions. It is privately held, operating in Health Care, and is based in Phoenix.

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