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$RDNT RadNet to buy teleradiology firm ONRAD for about $700M upfront plus up to a $210M earnout.
🏢 RadNet runs outpatient diagnostic imaging centers and sells DeepHealth AI software, and it was worth about $5.51B at $70.06 a share at 16:00 ET on October 26, 2026
🤝 At closing, ONRAD's owners get $350M in cash and 5 million RadNet shares, plus up to $210M more in cash or stock if ONRAD hits a 2027 EBITDA target
🏦 Those shares are worth about $350M at that price, so the roughly $700M upfront equals about 13% of RadNet's value, and the cash part alone is nearly half of the $726.3M RadNet held on June 30, 2026
📈 In return, RadNet gets a business that needs little capital, has margins above 30% (about double the 16.1% Imaging Center margin in Q2 2026) and that RadNet says grew revenue 10-20% a year
📅 Next: RadNet hosts a deal call at 8:00 a.m. ET on Tuesday, October 27, 2026, and the deal is expected to close in early 2027
Source: GlobeNewswire release, Oct 26 + SEC 8-K, Aug 10
