RadNet, MemorialCare to form imaging network JV
MemorialCare and RadNet announced they formed a joint venture. The venture, with 34 outpatient medical imaging centers spanning Orange County, Long Beach, South Bay and other Southern Los Angeles County cities, will become Southern California's largest imaging network. Under the joint venture, with operations beginning Jan. 1, 2018, RadNet will contribute 24 existing outpatient imaging centers in Orange County, Long Beach, South Bay and other Southern Los Angeles County cities. MemorialCare will contribute 10 outpatient imaging facilities in many of those markets. Upon commencement of operations, RadNet will manage day-to-day operations of the facilities and provide administration and back-office support functions on behalf of the partners. In addition to developing a comprehensive imaging network in Orange County, Long Beach and Southern Los Angeles County, the partnership will allow for significant operating system efficiencies and improved patient access and care. It will include adoption of RadNet's eRAD Radiology Information System at all locations and integration and coordination of the radiologist professional component.