RadNet Inc (NAS:RDNT)
$ 55.25 1.68 (3.14%) Market Cap: 4.08 Bil Enterprise Value: 5.23 Bil PE Ratio: 0 PB Ratio: 5.95 GF Score: 77/100

RadNet to Acquire DeepHealth, Inc. - M&A Call Transcript

Mar 13, 2020 / 03:00PM GMT
Release Date Price: $14.78 (-2.57%)
Operator

Good day, everyone. Welcome to the RadNet Inc. DeepHealth Artificial Intelligence Call. Today's conference is being recorded.

At this time, I'd like to turn the call over to Dr. Howard Berger, President and Chief Executive Officer of RadNet Inc. Please go ahead, sir.

Howard G. Berger
RadNet, Inc. - Chairman, President, CEO & Treasurer

Thank you, operator. Good morning, everyone. This is Dr. Howard Berger calling in. And 2 days ago, we -- and the brand had announced that it had acquired DeepHealth and formed a division for artificial intelligence that will be led by the President of DeepHealth, Dr. Greg Sorensen. Today, we want to talk about RadNet's decision to move more substantively into artificial intelligence as well as the strategy that hopefully, RadNet and DeepHealth will be executing together to accomplish those goals.

Ten years ago, RadNet made a critical decision to invest and earn its own information technology platform, which we call, eRAD, which would serve as the backbone for managing a lot of distributed network of imaging

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