RadNet enters into agreement to acquire Kern Radiology — 4 insights

RadNet put an end to the speculation when it entered into a definitive agreement to acquire Bakersfield, Calif.-based Kern Radiology Feb 11.

RadNet is the largest outpatient medical imaging company in the country.

What you should know:

1. RadNet was tied to Kern Radiology earlier this month.

2. The company expects the transaction to close in April.

3. RadNet already owns urology practices in Bakersfield. RadNet CEO Howard Berger, MD, said the company plans to merge RadNet's organizations in Bakersfield into Kern's, "creating a clinical organization and operation that is unparalleled in that marketplace." He said, "The combined practice will increase access for patients and referring physicians to an expanded service offering and cutting-edge technology."

4. RadNet has 341 locations, and more than 7,500 employees.

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