RadNet Expands into Indiana with Northwest Radiology Acquisition

The deal marks RadNet's entry into the Midwest and adds $18 million in annual revenue.

Feb. 3, 2026 at 6:15am

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RadNet, Inc., a national leader in outpatient diagnostic imaging services, has acquired the outpatient imaging assets of Northwest Radiology Network, P.C., marking the company's expansion into Indiana. The six acquired multimodality outpatient centers are located in the greater Indianapolis area, with a concentration in the growing community of Carmel. The acquisition will add approximately $18 million in annual revenue to RadNet.

Why it matters

This acquisition allows RadNet to establish a presence in the Midwest and expand its operational scale, AI-powered workflow, and clinical technologies to improve population health across the Indiana region. It also represents an exciting time for Northwest Radiology, which will now have access to cutting-edge resources to enhance the care it provides to patients in the Indianapolis area.

The details

Under the deal, 18 radiologists from Northwest Radiology will continue providing contracted professional services to the six acquired locations, ensuring continuity of care and preserving the strong local community physician relationships that Northwest Radiology has built. RadNet plans to leverage its expertise and technologies to shift Indiana's healthcare from reactive detection toward proactive prevention, detecting diseases earlier to improve outcomes.

  • The acquisition was announced on February 3, 2026.

The players

RadNet, Inc.

A leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue.

Northwest Radiology Network, P.C.

A physician-led outpatient diagnostic imaging practice serving the greater Indianapolis metropolitan area, founded in 1967 and committed to clinical excellence and collaboration with referring providers.

Steve Forthuber

President and CEO of Eastern Operations for RadNet.

Dr. Brian Jellison

CEO of Northwest Radiology.

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What they’re saying

“For decades, Northwest Radiology has built remarkable trust and confidence with the Indianapolis physician communities. We are excited to work with the Northwest radiologist team to support and further expand its clinical reach and capabilities. I am confident that our collaborative efforts will result in leading-edge patient care for the greater Indianapolis region.”

— Steve Forthuber, President and CEO of Eastern Operations for RadNet

“This transaction represents an exciting and transformative time for Northwest Radiology. We have been committed to setting the standard for imaging excellence throughout Central Indiana, and working with RadNet allows us to build upon that legacy while expanding our capabilities. While our physician-led model and local relationships will remain unchanged, we will now have access to cutting-edge AI technologies and resources that will enable us to deliver better care for our patients.”

— Dr. Brian Jellison, CEO of Northwest Radiology

What’s next

The acquisition is expected to add approximately $18 million of revenue on an annualized basis to RadNet.

The takeaway

This acquisition allows RadNet to expand its footprint into the Midwest, leveraging Northwest Radiology's strong local relationships and reputation to deliver enhanced diagnostic imaging services and population health solutions to the Indianapolis region. The deal highlights RadNet's strategy to grow its national platform through strategic acquisitions that complement its existing capabilities.