M&A
confidence high
sentiment positive
materiality 0.75
RadNet acquires AI firms Aidence and Quantib for ~$95M combined; issues 2.1M shares
RadNet, Inc.
- Aidence acquired for ~$50M (incl. $10M milestones); Quantib for ~$45M.
- Issued 1,141,234 shares for Aidence and 965,058 shares for Quantib to stakeholders.
- Adds AI for lung nodule (Aidence) and prostate/brain MRI (Quantib) to DeepHealth division.
- Quantib products have FDA 510(k) clearance; Aidence's Veye pending FDA approval.
- Dr. Gregory Sorensen to lead combined AI initiatives across all three entities.