LOS ANGELES (October 27, 2026)––Ashurst Perkins Coie is pleased to have advised RadNet, Inc., a leader in providing high-quality, cost-effective outpatient diagnostic imaging services on its agreement to acquire ONRAD, Inc., a leading radiology services company, for $350 million in cash and five million shares of RadNet common stock, subject to customary adjustments.
ONRAD, Inc. will become the foundation for RadNet's Radiology Professional Services operating segment. The acquisition enables RadNet to seamlessly combine radiology professional services, AI-powered technology solutions, and outpatient imaging operations into an integrated offering, transforming radiology workflows and ultimately improving patient care.
This transaction is one of the largest deals for the firm’s Mergers & Acquisitions (U.S.) team this year. Additional information on the agreement is available here.
The Ashurst Perkins Coie advisory team was led by Partner David Martinez, Counsel Hiroyuki Koda, and Associates Sara Schroeder, Allie Glover, and Taylor Menzel. The team also included Partners Amir Gamliel, Lisa McGimpsey, Michael Sharkey, Sam Hong, Tomer Vandsburger, Carl Crow, and Liana Spendlove; Counsel Min Woo, Sara Davey, and Eric DiIulio; and Associates Anna Stacey, Rhea Bhatia, Joanna Jandali, Noor Alanizi, Jessica Cheng, Pamela Rubio, and Christopher Gatzke.
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Ashurst Perkins Coie is the global law firm for the future economy. With 3,500 client-facing practitioners across 53 offices worldwide, the firm advises leading organizations in technology, energy and infrastructure, and financial services—three critical industries at the center of economic transformation. Combining global scale, sector insight, and technological capability, Ashurst Perkins Coie helps clients navigate change and unlock opportunity. For additional information about Ashurst Perkins Coie, please visit: www.ashurstperkinscoie.com.
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