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RadNet, MemorialCare form joint venture

RadNet Inc. and MemorialCare, a nonprofit, integrated health system, formed a joint venture that will start operations Jan. 1, 2018.

The venture will have 34 outpatient medical imaging centers in Orange County, Long Beach, South Bay and other southern Los Angeles County cities. It will become Southern California's largest imaging network.

Under the venture, RadNet will contribute 24 existing outpatient imaging centers and MemorialCare will contribute 10 outpatient imaging facilities.

RadNet will manage day-to-day operations of the facilities and provide administration and back-office support functions.

MemorialCare intends to purchase five breast imaging centers in Orange County and Long Beach from the joint venture, adding to five of its existing centers.