RadNet, Inc. (NasdaqGM:RDNT) is looking for acquisitions. Mark Stolper said during the 2025 JPMorgan Healthcare Conference, "We also, as in the normal course of our business, we acquire smaller operators. So tuck-in transactions, mostly in our markets.

is something that we do. We can generally buy these operators at 4x to 7x EBITDA. And because they're in market, we are able to enjoy some synergies by consolidating them into our operations or what we kind of jokingly call, "RadNetize" those operations.

There are some larger acquisitions and midsized acquisitions that we think will be available to the company in coming years. So we're looking to do that as well". "Well, we're highly unlevered for our industry, our industry is a capital-intensive one.

There's a requirement each year to reinvest in your capital equipment and your facilities. And so most of our competitors, at least other scale competitors in our industry tend to run with much higher leverage, and many of them are private equity backed and a lot of them took out substantial amount of leverage 3, 4, 5 years ago when they got into these investments. Some of them didn't hedge or buy interest rate caps and so they got caught up in the rising interest rate environment.

And so I think what that has allowed us to do is as new acquisitions have popped up, I think it gives us a better ability to or a more competitive advantage to look at those acquisitions".