MemorialCare & RadNet Add More Accessible Medical Imaging Centers

ORANGE and LOS ANGELES Counties, Calif., Dec. 13, 2018 /PRNewswire/ -- MemorialCare, nationally regarded integrated health care delivery system with four hospitals and more than 200 Southern California care sites, and RadNet, Inc. (NASDAQ: RDNT), national leader in providing fixed-site outpatient diagnostic imaging services, have expanded their joint venture that began early this year.

With acquisition of four Orange County Diagnostic Imaging Centers effective Dec. 1, the joint venture offers the region’s most expansive network of imaging facilities with 30 freestanding imaging centers throughout Orange and Los Angeles counties, each located within a short distance from MemorialCare physician offices.

The joint venture began operations Jan. 1, 2018 with RadNet and MemorialCare contributing outpatient imaging centers in Orange County, Long Beach, South Bay and other cities. The new sites are in Laguna Woods, Santa Ana, Irvine and Mission Viejo. The Irvine center will become a new MemorialCare Breast Center, offering comprehensive imaging services specific to breast health. The Mission Viejo site currently under construction opens in early 2019.

“MemorialCare has a long history of partnering with innovative organizations that share our vision of delivering best practice medicine, improving population health and creating value in health care,” says Barry Arbuckle, Ph.D., MemorialCare President and CEO. “The innovative partnership with RadNet is another example of our commitment to a higher quality, enhanced patient experience that is competitively priced with savings for individuals and families, health plans and employers and their employees.”

“The 30 free-standing imaging centers, in addition to MemorialCare’s highly-advanced hospital-based imaging centers on our hospital campuses, offer state-of-the art care in the most appropriate, convenient location, either at an acute care setting and/or an outpatient facility close to home and work,” adds Mark Schafer, M.D., CEO, MemorialCare Medical Foundation which includes MemorialCare Medical Group and Greater Newport Physicians with 2,300 employed and affiliated physicians.

“We are excited to further expand our health system partnership model with such a high-quality and well-known health system,” says Howard Berger, M.D., RadNet Chairman and CEO. “MemorialCare is one of Southern California’s premier providers of hospitals and related health services. Our extensive network of imaging centers offers quality care and easy access to patient communities we jointly serve.”

MemorialCare‘s 14,000 affiliated physicians, employees and volunteers serve more than 200 Southern California care locations, including MemorialCare Long Beach Medical Center, MemorialCare Miller Children’s & Women’s Hospital Long Beach, MemorialCare Orange Coast Medical Center in Fountain Valley, MemorialCare Saddleback Medical Center in Laguna Hills, MemorialCare Medical Group, Greater Newport Physicians, Seaside Health Plan, numerous physician practices and outpatient surgery, imaging, dialysis, breast health and urgent care centers. A pioneer and innovator in evidence-based medicine, among MemorialCare’s many honors are Best U.S. Health Care System, 10 Largest U.S. Children’s Hospitals, Best Places to Work, numerous listings among US News & World Report’s America’s Best Hospitals and Magnet recognition for all its hospitals—highest honor for nursing excellence. Visit memorialcare.org.

RadNet, Inc. is the leading national provider of free-standing, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 341 owned and/or operated outpatient imaging centers. RadNet’s core markets include California, Maryland, Delaware, New Jersey and New York. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 7,100 employees. For more information, visit radnet.com.

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SOURCE MemorialCare

Company Codes: NASDAQ-NMS:RDNT