RadNet agrees to acquire radiology services platform ONRAD
RadNet, Inc., a listed health services company, agreed on October 26, 2026 to acquire ONRAD, Inc., a radiology professional services platform. The filing does not state the consideration or how the purchase will be financed.
Deal facts. Buyer: RadNet, Inc., a listed company in health services. What was bought: ONRAD. Signed: October 26, 2026. Consideration: not stated in the filing. Financing: not stated in the filing. Lender or agent: not named in the filing. Conditions: The Mergers are expected to close in early 2027, subject to customary closing conditions, including, but not limited to, (i) the making or receipt of certain state healthcare regulatory filings and approvals; (ii) the absence of any law or order prohibiting the Mergers; (iii) the delivery of the written consent of OnRad's stockholders approving the Merger Agreement and the transactions contemplated thereunder (the " Required Stockholder Approval "); (iv) David M.
Neither the 8-K nor the press release states the purchase price or the financing for the transaction. The press release describes ONRAD as a capital-light, high-margin management services platform, and says ONRAD is expected to add $190 million to $200 million of revenue and $60 million to $65 million of Adjusted EBITDA to RadNet in its first year after closing.
RadNet said the acquisition adds a radiology professional services platform offering teleradiology and in-hospital staffing for hospitals and health systems. The company said the deal lets it combine radiology professional services, AI-powered technology solutions and outpatient imaging operations into one integrated offering, and adds a management services platform supporting more than 225 hospital facilities across 26 states with more than 130 contracted radiologists.
For context. U.S. jobs in administrative, support and waste management services stood at 9,018.6 thousand in September 2026, according to the Bureau of Labor Statistics (Current Employment Statistics). That is down 15.3 thousand jobs from August 2026 and up 48.5 thousand jobs from September 2025.
An owner of a services company can read this deal as a buyer paying for a firm whose delivery is built on contracted professionals and technology rather than owned facilities. RadNet is buying ONRAD for a management services platform that pairs teleradiology with in-hospital staffing, and the release frames the combination as a way to put AI-powered technology alongside professional services and outpatient imaging. The deal shows a listed health services company reaching for a capital-light services model where software and contracted radiologists do more of the work customers pay for, rather than adding owned imaging sites.
The documents point to a closing in early 2027, subject to state healthcare regulatory filings and approvals and the written consent of ONRAD's stockholders. Watch for the state regulatory approvals and the stockholder consent, and for the conference call RadNet and ONRAD management said they would host to discuss the transaction.