RadNet Expands Into Professional Radiology Services With Onrad Deal

RadNet has finalized an agreement to purchase the radiology services provider Onrad for $350 million in cash alongside 5 million company shares. The acquisition marks a significant shift in strategy for the imaging giant as it seeks to integrate professional diagnostic expertise directly into its existing infrastructure.

October 26, 2026, 11:40 PM 1,211 0

RadNet Expands Into Professional Radiology Services With Onrad Deal

Beyond the initial transaction, Onrad shareholders stand to receive an earnout bonus reaching $210 million, payable in either cash or equity. This secondary payment hinges on the firm hitting specific earnings targets—measured by EBITDA—by 2027.

RadNet plans to leverage this purchase to launch a dedicated segment, Radiology Professional Services. According to CEO Howard Berger, this move aims to create a comprehensive healthcare model that fuses imaging technology with clinical expertise to tackle intensifying diagnostic demand across the United States.

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