RadNet, Inc. Set to Join Russell 3000 Index
LOS ANGELES--(BUSINESS WIRE)-- RadNet, Inc. (“RadNet”) (NASDAQ:RDNT), is set to join the broad-market Russell 3000® Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 27, according to a preliminary list of additions posted Friday on www.russell.com.
RadNet, Inc. is a national market leader providing high-quality, cost-effective diagnostic imaging services through a network of 162 fully-owned and operated outpatient imaging centers. RadNet’s core markets include California, Delaware, Maryland and New York. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 4,000 employees. For more information, visit http://www.radnet.com.
Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization ranking and style attributes.
Howard G. Berger, M.D., president and chief executive officer of RadNet, Inc., stated that he believed it to be further confirmation of RadNet’s development as a major participant in the medical imaging industry.
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched last year.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
Real-time market analysis on the Russell 3000 and other Russell Indexes is available at
http://www.Russell.com/Indexes/performance/ real_time_market_analysis.asp. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field.Remove the extra space if one exists.)
About Russell: Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world’s best money managers. IT helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Headquartered in Tacoma, Wash., Russell has principal offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto.
For more information on Russell indexes, go to www.russell.com.
RadNet, Inc.
Mark Stolper, 310-445-2800
Chief Financial Officer
Integrated Corporate Relations, Inc.
John Mills, 310-954-1105
jmills@icrinc.com
Source: RadNet, Inc.
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