What did RadNet, Inc. pay for iCAD, Inc.?

RadNet, Inc. acquired iCAD, Inc. for $86.0M in 2025, equivalent to 4.39x revenue. Target revenue was approximately $19.6M.

What does iCAD, Inc. do?

iCAD, Inc. is a healthtech business.

What multiple did RadNet, Inc. pay for iCAD, Inc.?

4.39x revenue, based on disclosed deal value of $86.0M and disclosed financials.

M&A TRANSACTION · 2025

iCAD, Inc. acquired by RadNet, Inc.

$86.0M· 4.39x revenue

Target

iCAD, Inc.

Acquirer

RadNet, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$19.6M

EBITDA

—

Deal Value

$86.0M

EV/EBITDA

—

Context

This $86.0M acquisition of iCAD, Inc. by RadNet, Inc. sits in the healthtech sub-vertical. RadNet, Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price healthtech businesses on our Healthtech strategic buyer-pool page.

Source

Data sourced from SEC Fairness Opinion — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2025). iCAD, Inc. acquired by RadNet, Inc.. https://exitvalue.ai/deals/icad-inc-acquired-by-radnet-inc-fairness-opi