Jim Cramer - Mad Money RadNet RDNT-O BUY ON WEAKNESS Dec 20, 2023

This is the largest consolidated outpatient imaging in the US. There are about 6500 clinics that provides imaging services on an outpatient basis and RadNet has been consolidating the space. They have a few hundred of these, so there a lot more growth is possible. The private-clinic model is increasingly popular because it provides patients with lower copays. (Analyst’s price target is $16.33)

It reports Friday. Ever since Radnet bought GEH machines (he owns GEH), shares have jumped $20.

He owns GE Healthcare instead, but RDNT is better (though more expensive).

Is up 7,631% over 20 years. There's a lot of demand for MRI scans outside hospitals, less expensively. This pulled back 45% since last year's high and the stock remains expensive, but this will work if you are long term.