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About Us
Overview

Founded in 1980, RadNet Management, Inc., the primary operating division of Primedex Health Systems, Inc., is the California market leader in providing high-quality, cost-effective diagnostic imaging services through a statewide network of fully-owned and operated outpatient imaging centers.

RadNet provides the necessary equipment, space, and non-physician personnel for the operations of its 55 facilities, as well as the financial and administrative management services. Growth in the use of imaging services has been consistently increasing, with widespread patient and physician awareness of new technologies and imaging applications. In 2003, RadNet performed approximately 1,000,000 diagnostic radiology and imaging procedures.

RadNet, with centers in most of the major geographic areas combined with extensive experience in utilization management, is well positioned to be a single source provider for outpatient radiology services to the California managed healthcare population. RadNet currently provides diagnostic imaging services for over 900,000 lives under capitation through exclusive contracts with prominent medical groups and IPAs.

Our Facilities
We operate a group of regional networks comprised of 55 fixed-site, freestanding outpatient diagnostic imaging facilities in California. We believe our group of regional networks is the largest of its kind in California. We have strategically organized our facilities into regional networks in markets that have both high-density and expanding populations, as well as attractive payor diversity.

All of our facilities employ state-of-the-art equipment and technology in modern, patient-friendly settings. Many of our facilities within a particular region are interconnected and integrated through our advanced computer network. Twenty-five of our facilities are multi-modality sites, offering various combinations of MRI, CT, PET, nuclear medicine, ultrasound, X-ray and fluoroscopy services. Thirty of our facilities are single-modality sites, offering either X-ray or MRI services. Consistent with our regional network strategy, our single-modality facilities are located near our multi-modality sites to help accommodate overflow in targeted demographic areas. At our facilities, we provide all of the equipment as well as all non-medical operational, management, financial and administrative services necessary to provide diagnostic imaging services. We give our facility managers authority to run our facilities to meet the demands of local market conditions, while our corporate structure provides economies of scale, corporate training programs, standardized policies and procedures and sharing of best practices across our network. Each of our facility managers is responsible for meeting our standards of patient service, managing relationships with local physicians and payors and maintaining profitability.

Employees
At October 31, 2003, together with our affiliated medical group Beverly Radiology Medical Group (BRMG), we had a total of 916 full-time and 396 part-time and per-diem employees.

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