RadNet and Barnabas Health Begin Joint Venture
RadNet, Inc. and Barnabas Health announced the operational commencement of their joint venture in New Jersey with the sale of RadNet’s West Orange, NJ, imaging center to Barnabas Health and the establishment of the joint venture’s first owned facility in Cedar Knolls, NJ. The joint venture, The New Jersey Imaging Network, LLC, was conceived to achieve three main objectives:
- To establish a statewide diagnostic imaging network with 37 access points.
- To provide management services to existing RadNet and imaging facilities to be owned directly by the joint venture.
- To build or buy additional imaging centers or enter related healthcare businesses in New Jersey.