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RadNet Announces a Proposed Refinancing Transaction for its $611 Million Senior Secured Term ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
RadNet Announces a Proposed Refinancing Transaction for its $611 Million Senior Secured Term .
RadNet, Inc.April 6, 2021 GMT
LOS ANGELES, April 06, 2021 (GLOBE NEWSWIRE) RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and/or operated outpatient imaging centers, today announced a proposed refinancing transaction for its existing senior secured first lien term loan, which had a balance of $611 million as of December 31, 2020, and its $195 million senior secured revolving credit facility, which was undrawn as of year-end 2020. The Company seeks to replace these facilities with a proposed seven-year $675 million senior secured term loan B facility and a five-year $195 million senior secured first lien revolving credit facility. In addition to repaying the existing $611 million senior ....

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Quidel Supports New NIH, CDC Public Health Initiative for At-home COVID-19 Testing


Press release content from Business Wire. The AP news staff was not involved in its creation.
Quidel Supports New NIH, CDC Public Health Initiative for At-home COVID-19 Testing
April 1, 2021 GMT
SAN DIEGO (BUSINESS WIRE) Mar 31, 2021
Quidel Corporation (NASDAQ: QDEL) (“Quidel”), a leading provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, announced today that it is partnering with the Centers for Disease Control and Prevention (CDC) and the National Institutes of Health (NIH) on an innovative community health initiative called “Say Yes! COVID Test” in Pitt County, North Carolina, and coming soon to Chattanooga/Hamilton County, Tennessee. Quidel is providing two million QuickVue® At-Home OTC COVID-19 Tests to be distributed to approximately 160,000 residents free of charge across the two communities. The study is designed to determine if access to at-home rapid antigen tests three times a week f ....

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RadNet Reports Fourth Quarter Results with Record Revenue and Adjusted EBITDA and Releases 2021 ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
RadNet Reports Fourth Quarter Results with Record Revenue and Adjusted EBITDA and Releases 2021 .
RadNet, Inc.March 8, 2021 GMT
Despite the ongoing impact of COVID-19, RadNet reports record fourth quarter 2020 Total Net Revenue (“Revenue”) of $308.5 million and Adjusted EBITDA
( 1
(1)
increased 8.1% as compared with the same quarter in 2019
Improved reimbursement from expanded implementation of 3D mammography and increases in capitation contracts and cash collections drove increased Revenue
Focus on cost reductions, center consolidations and operational efficiencies throughout the COVID-19 period resulted in an Adjusted EBITDA
(1)
margin of 16.4%, an improvement of 0.8%, or 80 basis points relative to last year’s fourth quarter ....

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Innova Medical Group Announces New Chairman and Chief Medical Officer


Press release content from PR Newswire. The AP news staff was not involved in its creation.
Innova Medical Group Announces New Chairman and Chief Medical Officer
March 1, 2021 GMT
PASADENA, Calif., Mar. 1, 2021 /PRNewswire/ Innova Medical Group, Inc., the world’s largest manufacturer of rapid antigen test kits and leader in COVID-19 testing solutions globally, announced today the appointment of Sean Rogers as Chairman of Innova Medical Group, and Todd Malan, M.D., as Innova’s Chief Medical Officer. The two seasoned leaders will be valuable additions to Innova’s continued growth in screening and diagnostic test production and distribution, as well as its expanding partnerships with health authorities around the world to help break the COVID-19 chain of transmission and end the deadly pandemic through widespread testing for home screening and clinical diagnostics. ....

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Technology and Health Leaders Join Myriad Genetics, Advance in Senior Roles to Drive Key ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Technology and Health Leaders Join Myriad Genetics, Advance in Senior Roles to Drive Key .
Myriad Genetics, Inc.February 18, 2021 GMT
SALT LAKE CITY, Feb. 18, 2021 (GLOBE NEWSWIRE) Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in genetic testing and precision medicine, today announced several new technology and healthcare leaders who recently joined the company as well as key promotions to drive critical business functions, transformation and growth initiatives.
“With the addition of new leaders from other industry leading enterprises, we continue to augment our strong bench of talent across a range of functions that will accelerate the execution of our strategy with disciplined process management and proven expertise,” said Paul J. Diaz, president and CEO of Myriad Genetics. “We are pleased to welcome new teammates who share the passion for our mission to improv ....

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