RadNet, Inc. (RDNT) Morgan Stanley 23rd Annual Global Healthcare Conference Transcript


RadNet, Inc. (NASDAQ:RDNT) Morgan Stanley 23rd Annual Global Healthcare Conference September 9, 2025 4:50 PM EDT

Company Participants

Howard Berger – Chairman, President & CEO
Mark Stolper – Executive VP & CFO
Greg Sorensen

Conference Call Participants

Christopher Brustuen – Morgan Stanley

Presentation

Christopher Brustuen
Managing Director

Thank you all for joining us. I’m going to read the disclosure before we begin. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.

Dr. Berger, Mark, Greg, thanks for joining me today. I’m joined by the team from RadNet. Maybe before we begin, I just want to pass it over to you, any opening remarks, and we’ll jump into some questions.

Howard Berger
Chairman, President & CEO

No, I just want to thank Morgan Stanley for inviting us to the conference and very much appreciate all the efforts that have transpired to make this successful. It’s been a long, but a very rewarding day for us.

Question-and-Answer Session

Christopher Brustuen
Morgan Stanley

Thank you for being here. So I want to start with the competitive landscape. But given your scale, can you provide a little perspective on the opportunity for industry consolidation across the sector?

Howard Berger
Chairman, President & CEO

Well, I think industry consolidation will continue simply because although some people think of a dirty word, but the corporatization of medicine really does play a meaningful role, particularly in an area like radiology and imaging, which are both capital intensive very much dependent upon the availability of labor and a workforce that is challenged right now. And with the new developments that are occurring that are transformative. So the average provider out there is probably not equipped to be as not just competitive but very capable of delivering the level



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