RadNet Reports Record Q3 2026 Revenue and Strategic Expansion via ONRAD Acquisition
RadNet (RDNT) reported record third-quarter 2026 revenue of $638 million, driven by a nearly 20% increase in aggregate imaging procedural volume. The company is aggressively expanding its footprint through the pending acquisition of ONRAD, a teleradiology and physician staffing firm that will provide direct access to over 225 hospital locations across 26 states. To combat radiologist shortages and rising demand, RadNet is integrating AI-powered automation into its workflows, reducing report generation times by up to 30%. Additionally, the company's Digital Health segment is evolving into a standalone software business; annual recurring revenue (ARR) for this unit reached $112.6 million, with external client growth significantly outpacing internal network usage.
Tickers: $RDNT
Topics: acquisition artificial intelligence earnings healthcare technology radiology