RadNet seeks to secure $200M term loan to fuel expansion
RadNet Inc. is seeking to secure a $200 million new term loan to fuel further expansion, the company announced Wednesday.
The Los Angeles-based imaging center operator is pursuing the cash infusion through an amendment to an existing credit agreement. If finalized, the term loan would mature on April 18, 2031, coinciding with the existing debt under the original agreement.
RadNet plans to use the proceeds to finance future acquisitions, “organic expansion initiatives,” and health system partnerships. The company also is earmarking the funds for other unidentified “general corporate purposes,” providing it with “additional flexibility to pursue strategic growth.”
“We are seeking to opportunistically and proactively raise additional funds to support the future growth of our business,” Chief Financial Officer Mark Stolper said in a statement June 3, adding that RadNet hopes to finalize the loan transaction by mid-month.
The move comes as the company has executed several acquisitions already in the first half of 2026. RadNet recently bought French artificial intelligence firm Gleamer for $270 million in March, along with adding 13 Florida imaging centers from LucidHealth for $65 million in January. The company additionally entered the state of Indiana by buying six centers from Northwest Radiology in February for $9 million.
Altogether, RadNet now operates 440 outpatient imaging centers across 11 states. The company estimated last month it has a cash balance of $455 million, while its total debt was about $1.85 billion at the end of 2025.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.