Leading Radiology Forward slide image

Leading Radiology Forward

Industry Consolidation and Rationalization "Mom-and-pop" lack necessary economies of scale • Not well capitalized and have a higher cost structure • Single-modality facilities that are more impacted by reimbursement changes and competition from multi-modality facilities • Unable to do network contracting or capitate with payors Higher facility accreditation/quality standards Fear of survival and many more sellers than buyers result in attractive acquisition multiples • Marginal operators are choosing to close and others can be acquired at 3x-5x EBITDA • Operators want to be consolidated into RadNet, which offers long-term stability Few other acquirers in RadNet's core markets NEW YORK RADIOLOGY PARTNERS In 2015-2019, we completed over $185mm of acquisitions • New York Radiology Partners • California Radiology • • Diagnostic Imaging Group Diagnostic Imaging Associates of Delaware Medical Arts Kern Radiology We have also been expanding through health system joint ventures, particularly in CA • California Radiology Doshi Diagnostic Diagnostic Imaging Associates MEDICAL ARTS KR RADIOLOGY KERN RADIOLOGY • COS ● Cedars Sinai MemorialCare Dignity Health RadNet. CEDARS SINAL. MemorialCare Leading Radiology Forward 11
View entire presentation