Photo: Peter M. Fisher/Getty Images
Diagnostic imaging company RadNet announced that it has acquired cloud-native imaging platform Cimar UK. Cimar UK will be integrated into DeepHealth, RadNet’s wholly owned subsidiary.
DeepHealth is an umbrella brand for companies within RadNet's digital health section.
In a statement, Cimar UK said it deploys an image management infrastructure that supplies data connectivity and interoperability to allow vendor-neutral features, including clinical AI, across more than 50% of National Health Service Trusts and 80% of UK private hospital groups.
The acquisition will integrate CIMAR’s cloud-native infrastructure and services with DeepHealth’s informatics and population health applications from patient engagement tools and AI-based reporting to viewing and workflow applications.
"By acquiring Cimar, DeepHealth is taking a powerful step in redefining imaging-based care through a portfolio of solutions that connect clinical and operational intelligence to enable faster, more accurate diagnoses and improve efficiency," Kees Wesdorp, CEO and president of RadNet’s Digital Health division, DeepHealth, said in a statement.
THE LARGER TREND
Earlier this month, RadNet reported third-quarter financial results.
The company's revenue increased 13.4% to $522.9 million in the third quarter of 2025, compared to $461.1 million in the third quarter of 2024.
Revenue from the digital health reportable segment (inclusive of intersegment revenue) increased 51.6% to $24.8 million in the third quarter of 2025 from $16.4 million in Q3 of 2024.
Total net Income for the third quarter of 2025 was $5.4 million, compared to a total company net income of $3.2 million for the third quarter of 2024.
Total company adjusted EBITDA was $84.9 million in the third quarter of 2025, compared to $73.7 million in the third quarter of 2024, an increase of 15.2%.
Digital Health reportable segment adjusted EBITDA rose 6.9% to $3.5 million in the third quarter of 2025 from $3.2 million in Q3 of 2024.
Total company adjusted EBITDA margins rose by 26 bps to 16.2% in the third quarter of 2025 versus 16.0% in the same period last year.
Adjusted diluted earnings per share was $0.20 for the third quarter of 2025, compared with adjusted diluted earnings per share of $0.18 for the third quarter of 2024.
In Q3 2025, aggregate advanced imaging (MRI, CT and PET/CT) procedural volumes increased 13.0% and same-center advanced imaging procedural volumes increased 9.9% compared to Q3 of 2024.
As of Sept. 30, 2025, the company had a cash balance of $804.7 million and net debt to adjusted EBITDA ratio of approximately 1.0x.
That same month, RadNet acquired the assets of Alpha RT, an MRI scanning solutions and services company.
According to RadNet, the transaction created an extensive remote-imaging portfolio that combines Alpha RT's staffing services and training programs with DeepHealth’s existing FDA-cleared TechLive remote scanning technology.
In June, RadNet via DeepHealth acquired AI ultrasound imaging company See-Mode Technologies.
See-Mode's AI-powered ultrasound detection, characterization and reporting application for thyroid and breast was integrated into RadNet's DeepHealth population health offerings.
See-Mode's original applications for detecting and characterizing thyroid nodules and breast lesions in ultrasound imaging "improve diagnostic accuracy and enhance clinical workflows by generating standardized reports," according to Radnet.
In 2024, GE HealthCare and DeepHealth collaborated on new AI imaging technology to further innovation, commercialization and adoption of AI in imaging.
The companies codeveloped SmartTechnology, solutions that employ the power of AI to address key obstacles across the imaging value chain, including helping increase the efficiency of imaging interpretation and reporting, permitting collaboration across care teams, improving the clinical interpretation of images, and boosting operational efficiency and productivity.
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