RadNet promotes four senior leaders to expand executive roles, enhancing operational excellence and strategic growth initiatives.
Quiver AI Summary
RadNet, Inc. announced the promotion of four senior leaders to enhance its executive team and support its ongoing growth in the outpatient diagnostic imaging and digital health sectors. Stephen Forthuber and Norman Hames were elevated to Presidents and CEOs of Eastern and Western Operations, respectively, while Mital Patel became Executive Vice President and COO, and Greg Sorensen, M.D., transitioned to Chief Strategy Officer, retaining his position on the Board of Directors. CEO Dr. Howard Berger highlighted that these changes recognize the leaders' contributions to the company's recent record financial performance and position RadNet for future success in proactive healthcare. RadNet operates a significant network of outpatient imaging centers across multiple states and employs over 11,000 team members, reinforcing its role as a leader in the diagnostic imaging industry.
Potential Positives
- Promotion of senior leaders reflects the company's commitment to operational excellence and strategic growth, indicating strong internal leadership and stability.
- Continued record financial performance in Imaging Center and Digital Health segments highlights RadNet's successful business strategy and market position.
- The leadership transitions are positioned to help guide the company toward proactive disease prevention, aligning with industry trends and enhancing their service offerings.
- RadNet maintains a strong presence with 407 outpatient imaging centers and a large team of over 11,000 members, underscoring its scale and capability within the diagnostic imaging industry.
Potential Negatives
- The press release does not address how the leadership changes might impact ongoing operations or employee morale, which could raise concerns about the stability of the company during the transition.
- There is no mention of addressing potential challenges that may arise from the new leadership roles or strategies, leading to uncertainty about future direction.
- The focus on internal promotions may give the impression of a limited talent pool or lack of external perspectives, which could hinder innovation and growth.
FAQ
What recent executive changes were announced by RadNet?
RadNet promoted Stephen Forthuber, Norman Hames, Mital Patel, and Greg Sorensen to expanded executive roles to support its growth strategy.
Who is the new CEO of Eastern Operations at RadNet?
Stephen Forthuber has been promoted to President and Chief Executive Officer of Eastern Operations.
What is RadNet's focus for the future of healthcare?
RadNet aims to shift from reactive detection toward proactive disease prevention while maintaining high-quality patient care.
How many outpatient imaging centers does RadNet operate?
RadNet operates a network of 407 owned and/or operated outpatient imaging centers across various states in the U.S.
What does RadNet offer in addition to diagnostic imaging services?
RadNet provides radiology information technology, artificial intelligence solutions, teleradiology services, and related products for the imaging industry.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RDNT Insider Trading Activity
$RDNT insiders have traded $RDNT stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $RDNT stock by insiders over the last 6 months:
- RANJAN JAYANATHAN (Chief Information Officer) sold 65,598 shares for an estimated $4,427,865
- MITAL PATEL (EVP of Fin Planning, CAO) has made 0 purchases and 3 sales selling 50,000 shares for an estimated $3,902,254.
- STEPHEN M FORTHUBER (Pres & COO-Eastern Operations) has made 0 purchases and 3 sales selling 45,088 shares for an estimated $3,531,848.
- MARK STOLPER (EVP, Chief Financial Officer) sold 35,000 shares for an estimated $2,586,150
- DAVID JEFFREY KATZ (EVP and Chief Legal Officer) has made 0 purchases and 2 sales selling 31,000 shares for an estimated $2,203,430.
- NORMAN R HAMES (Pres and COO-West Operations) has made 0 purchases and 2 sales selling 15,000 shares for an estimated $1,082,900.
- CORNELIS WESDORP (Pres & CEO, Digital Health) has made 0 purchases and 3 sales selling 2,500 shares for an estimated $172,530.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RDNT Revenue
$RDNT had revenues of $522.9M in Q3 2025. This is an increase of 13.39% from the same period in the prior year.
You can track RDNT financials on Quiver Quantitative's RDNT stock page.
$RDNT Hedge Fund Activity
We have seen 181 institutional investors add shares of $RDNT stock to their portfolio, and 136 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,924,549 shares (+1312.8%) to their portfolio in Q3 2025, for an estimated $146,669,879
- POLAR CAPITAL HOLDINGS PLC added 832,214 shares (+inf%) to their portfolio in Q3 2025, for an estimated $63,423,028
- VAN BERKOM & ASSOCIATES INC. added 817,808 shares (+14163.6%) to their portfolio in Q3 2025, for an estimated $62,325,147
- ROCKEFELLER CAPITAL MANAGEMENT L.P. added 771,859 shares (+733.7%) to their portfolio in Q3 2025, for an estimated $58,823,374
- FULLER & THALER ASSET MANAGEMENT, INC. added 705,659 shares (+inf%) to their portfolio in Q3 2025, for an estimated $53,778,272
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 646,924 shares (+152.1%) to their portfolio in Q3 2025, for an estimated $49,302,078
- WESTFIELD CAPITAL MANAGEMENT CO LP added 525,820 shares (+inf%) to their portfolio in Q3 2025, for an estimated $40,072,742
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RDNT Analyst Ratings
Wall Street analysts have issued reports on $RDNT in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- B. Riley Securities issued a "Buy" rating on 12/01/2025
- Barclays issued a "Overweight" rating on 11/13/2025
To track analyst ratings and price targets for $RDNT, check out Quiver Quantitative's $RDNT forecast page.
$RDNT Price Targets
Multiple analysts have issued price targets for $RDNT recently. We have seen 4 analysts offer price targets for $RDNT in the last 6 months, with a median target of $86.5.
Here are some recent targets:
- Yuan Zhi from B. Riley Securities set a target price of $87.0 on 12/01/2025
- Andrew Mok from Barclays set a target price of $86.0 on 11/13/2025
- David Macdonald from Truist Securities set a target price of $90.0 on 11/12/2025
- John Ransom from Raymond James set a target price of $75.0 on 08/13/2025
Full Release
LOS ANGELES, Jan. 07, 2026 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective outpatient diagnostic imaging services and a premier global developer of digital health solutions, announced today the promotion of four senior leaders to expanded executive roles in recognition of their decades of operational excellence and strategic growth.
Effective immediately, the executive leadership changes include:
- Stephen Forthuber , President and Chief Operating Officer, Eastern Operations, to President and Chief Executive Officer, Eastern Operations.
- Norman Hames , President and Chief Operating Officer, Western Operations, to President and Chief Executive Officer, Western Operations.
- Mital Patel , Executive Vice President of Financial Planning and Analysis and Chief Administrative Officer, to Executive Vice President and Chief Operating Officer.
- Greg Sorensen, M.D. , Chief Science Officer to Chief Strategy Officer. Dr. Sorensen will continue to serve as a member of RadNet’s Board of Directors.
“RadNet has achieved industry-leading growth, including record financial performance across both our Imaging Center and Digital Health segments in recent quarters. So much of our success results from the vision and dedication of this group of exceptional leaders, who reflect the strength and depth of our management team,” said Dr. Howard Berger, President and Chief Executive Officer, RadNet. "As we look ahead, we are boldly working to shape a future where healthcare moves from reactive detection toward proactive disease prevention. These leadership transitions position us well to continue our strong growth journey, while remaining focused on what matters most: delivering accessible, high-quality, patient-centered care."
About RadNet, Inc.
RadNet, Inc. is a leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet has a network of 407 owned and/or operated outpatient imaging centers. RadNet’s markets include Arizona, California, Delaware, Florida, Maryland, New Jersey, New York and Texas. In addition, RadNet provides radiology information technology and artificial intelligence solutions marketed under the DeepHealth brand, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with contracted radiologists, and inclusive of full-time and per diem employees and technologists, RadNet has over 11,000 team members.
radnet.com
Jane Mazur
SVP, Corporate Communications
RadNet
+1 585-355-5978
[email protected]
Mark Stolper
Executive Vice President and Chief Financial Officer
RadNet
+1 310-445-2800
