RadNet, Inc., Q3 2009 Earnings Call, Nov-09 2009

RadNet Inc. announced that they will report Q3, 2009 results on November 12, 2009.

RadNet, Inc. said that the company sees no shortage of acquisition opportunities and will continue to be an industry consolidator. Mark Stolper, CFO of RadNet said, “So, in summary, we think we are very well positioned in a growing industry to continue to be an industry consolidator, certainly, in our existing markets. We see no shortage of acquisition opportunities and growth opportunities. We are going to continue to grow our breast disease management opportunity there. We're starting to see some capacity being taken out of our business as weaker players continue to close their doors and take capacity out of our markets. We see our EBITDA margins have been improving, given our operating leverage. We are also producing a significant amount of free cash flow, especially relative to our equity market cap. We don't see ourselves as being a taxpayer for many years to come, and we've got a pretty committed and vested management team, who own the largest group of shares of the company.”