RadNet reports Q3 adjusted EPS 20c, consensus 23c

Reports Q3 revenue $522.869M, consensus $494.02M. Dr. Howard Berger, President and Chief Executive Officer of RadNet (RDNT), commented, “The business continues to demonstrate strong growth and record results in each of the Imaging Center and Digital Health reportable operating segments. Total Company Revenue grew 13.4% and Adjusted EBITDA(1) grew 15.2% as compared with last year’s third quarter, resulting in Adjusted EBITDA margin expansion of 26 basis points. Contributing to the achievement of these results were the continued focus on creating capacity at existing centers, new center openings, ongoing business mix shift towards advanced imaging, tuck-in acquisitions, increased reimbursement from commercial and capitated payors, the expansion of health system joint ventures and an acceleration of Digital Health Revenue growth.”