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RadNet Reports Fourth Quarter Results with Record Revenue and Adjusted EBITDA and Releases 2021 .
RadNet, Inc.March 8, 2021 GMT
Despite the ongoing impact of COVID-19, RadNet reports record fourth quarter 2020 Total Net Revenue (“Revenue”) of $308.5 million and Adjusted EBITDA
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increased 8.1% as compared with the same quarter in 2019
Improved reimbursement from expanded implementation of 3D mammography and increases in capitation contracts and cash collections drove increased Revenue
Focus on cost reductions, center consolidations and operational efficiencies throughout the COVID-19 period resulted in an Adjusted EBITDA
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margin of 16.4%, an improvement of 0.8%, or 80 basis points relative to last year’s fourth quarter