Latham & Watkins Advises on RadNet, Inc.’s Upsized Public Offering of Common Stock

RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, has announced the closing of its underwritten public offering of 8,711,250 shares of its common stock at a price to the public of US$29.75 per share, which includes the entire overallotment option to the underwriters of 1,136,250 shares. The gross proceeds to RadNet from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately US$259.2 million.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by New York partners Marc Jaffe, Ian Schuman, and Alison Haggerty, with associates Christian Vazquez, Jie Lin Nai, and Madison Venezia. Advice was also provided on data privacy matters by Bay Area partner Heather Deixler, on healthcare regulatory matters by Bay Area partner Betty Pang and Washington, D.C. counsel Chad Jennings; on tax matters by New York partner Jiyeon Lee-Lim, with associate Jacob Nagelberg; and on intellectual property matters by New York partner Jeffrey Tochner, with associate Zachary Shufro.