RadNet Announces Offering of Senior Unsecured Notes

LOS ANGELES, March 22, 2010 (GLOBE NEWSWIRE) -- RadNet, Inc. (Nasdaq:RDNT - News), a national leader in providing high-quality, fixed-site outpatient diagnostic imaging services through a network of 180 imaging centers, today announced that its wholly-owned subsidiary Radnet Management, Inc. (the "Issuer") intends to offer approximately $210 million in aggregate principal amount of senior notes due 2018 (the "Notes") to qualified institutional buyers in a private placement that will be exempt from the registration requirements of the Securities Act of 1933, as amended and subject to market and other conditions.

The Notes will be issued by the Issuer and guaranteed jointly and severally on a senior basis by the Company and all of the Issuer's current and future wholly-owned domestic restricted subsidiaries.

The Company intends to use the net proceeds from the private placement, together with borrowings under its previously announced new senior secured credit facilities to refinance existing credit facilities, fund its previously announced acquisitions currently under letters of intent and pay related fees and expenses. Entry into the senior secured credit facilities and the proposed offering of the Notes will be conditioned on each transaction being consummated, and there is no assurance that the proposed financing transactions will be effectuated on the terms presented, or at all.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered pursuant to an applicable exemption from registration under the Securities Act.