RadNet and Providence Health System establish new joint venture

RadNet announced that it established a new joint venture in March with Providence Health System. The new joint venture, Tri Valley Imaging Group, was established in conjunction with RadNet contributing four California imaging centers – two centers in Burbank and one each in Panorama City and Santa Clarita. Providence contributed three imaging centers to the joint venture located in Santa Clarita, Mission Hills and Porter Ranch. Additionally, the joint venture intends to develop a third imaging center in Burbank and to add and upgrade technology at some of the locations contributed by Providence. Tri Valley Imaging Group will increase patient access to outpatient radiology by broadening the ambulatory network of imaging centers throughout the covered markets, including within certain underserved communities.