Friday, May 10, 10:33 AM
RadNet (RDNT -3%) slips this morning after posting a mixed Q1 beating on its top line but coming up short on a per share basis. Service fee revenue increased by 6.7% Y/Y, but its bottom line margins were impacted by higher acquisition and restructuring costs. Overall volume increased by 5.7%, with MRI volume +8.6%, CT volume -2.9% and PET/CT volume -2.5%.
Comment![Healthcare, Earnings, On the Move]
Wednesday, April 3, 2:02 PM
RadNet (RDNT -1.4%) says it's completed the repricing of its $348.3M existing senior secured term loan. As part of the transaction, the firm also raised an additional $40M under the same senior secured term loan facility, which were used to repay certain amounts outstanding and to fund fees and expenses. RDNT anticipates that it will save around $5M in annual interest expense as a result of the lower pricing, and will give it more liquidity in which to grow the business.
Comment![Healthcare, On the Move]
Wednesday, December 22, 2010, 11:47 AM
Shares of RadNet (RDNT) are +16%, following the company's announced entrance into the teleradiology and remote interpretation business, and on whispers the stock was added to Deutsche Bank's Buy list. [Briefing.com]