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Adventist, RadNet Enter Into Joint Venture

Adventist Health and RadNet Inc. on Tuesday announced a joint venture to create outpatient imaging centers in Simi Valley, the companies said in a statement.West L.A.-based diagnostic imaging company RadNet will contribute two of its Simi Valley imaging centers, Alamo Advanced Imaging and Simi Valley Advanced Imaging, as two of three initial joint venture facilities.Adventist Health, headquartered near Sacramento, is contributing Aspen Imaging Center. All locations will offer MRI, CT, PET/CT, ultrasound and X-ray imaging services.Joint venture operations will begin at the first three facilities no later than January of next year, the companies said.According to terms of the partnership, RadNet will also take over operation management of Adventist Health’s Nancy Reagan Breast Center.“Adventist Health is pleased to partner with RadNet, the nation’s leading outpatient radiology provider,” Jennifer Swenson, president of Adventist Health Simi Valley, said in a statement. “Our joint venture will advance our imaging capabilities in the region and will provide our medical community with an integrated radiology network offering the full scope of imaging services.”“Both companies have identified an exciting opportunity in the Simi Valley marketplace,” added Dr. Howard Berger, chief executive of RadNet. “Adventist Health’s commitment includes the ownership of the leading hospital, an urgent care center, a clinical laboratory, homecare services and various family and specialty physician practices.”

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