RadNet Announces the Closing of Amended and Restated $602.5 Million First Lien Credit Facilities

RadNet Announces the Closing of Amended and Restated $602.5

Million First Lien Credit Facilities

LOS ANGELES, California, July 1, 2016 - RadNet,

Inc. (NASDAQ: RDNT), a national leader in providing high-quality, fixed-site outpatient diagnostic imaging services through

a network of 309 owned and/or operated outpatient imaging centers, today announced the successful closing of the previously announced

refinancing of its senior secured first lien term loan facility and senior secured revolving credit facility. The refinancing

provides for $485,000,000 senior secured first lien term loans and a $117,500,000 senior secured revolving credit facility. The

first lien term loans have a maturity date of July 1, 2023 and the revolving credit facility has a maturity date of July 1, 2021,

provided that both maturity dates shall be shortened to September 25, 2020 in the event that the second lien term loans under

RadNet's second lien credit facility have not been repaid, refinanced or extended prior to September 25, 2020.

The first lien term loans and the revolving credit facility

are both floating rate facilities, and RadNet may request that the interest rate thereon be based upon LIBOR (subject to a 1% LIBOR

floor for the term loans) plus an applicable margin of 3.75% per annum.

Except for the size, term, pricing and certain representations

and covenants, the amended and restated credit agreement evidencing the first lien term loans and the revolving credit facility

is substantially similar to RadNet's existing senior secured credit agreement.

The proceeds of the amended and restated credit facilities are

being used to refinance RadNet's existing senior secured first lien credit obligations, to repay $12 million of the outstanding

term loans under RadNet's existing second lien credit facility, to pay fees and expenses related to the transaction and to

provide approximately $10 million for general corporate purposes.

"We are very pleased to have been able to refinance our

senior secured first lien credit facilities at this time," said Dr. Howard Berger, President and Chief Executive Officer

of RadNet. "By completing this transaction, we were able to successfully extend the maturities of the senior portion of our

capital structure and improve our financial flexibility. We would like to thank our group of supportive lenders."

The borrower under the amended and restated credit facility

is RadNet's subsidiary, RadNet Management, Inc. The obligations of the borrower under the amended and restated credit facility

are guaranteed by RadNet, all of the borrower's current and future wholly-owned domestic subsidiaries and certain of its

affiliates. With certain exceptions, the obligations are secured by substantially all of the assets of the borrower, RadNet and

such subsidiaries and affiliates.

Barclays Bank PLC, Capital One, National Association, Suntrust

Robinson Humphrey, Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets acted as joint bookrunners and joint lead arrangers

Forward Looking Statements.

This press release contains forward-looking statements within

the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not

limited to, statements related to the anticipated use of proceeds from the new credit facilities and statements regarding the Company's

future interest rate expense and financial flexibility. Forward looking statements are based on management's current expectations

as of the date of this press release and are subject to known and unknown risks, uncertainties and other factors that may cause

the Company's actual results to differ materially from the statements contained herein. For additional information concerning

risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements,

and risks to the Company's business in general, please refer to its SEC filings, including its Annual Report on Form 10-K

for the fiscal year ended December 31, 2015, as amended. RadNet undertakes no obligation to update publicly any forward-looking

statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated

RadNet, Inc. is the leading national provider of free-standing,

fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. RadNet

has a network of 309 owned and/or operated outpatient imaging centers. RadNet's core markets include California, Maryland, Delaware,

New Jersey, New York and Rhode Island. In addition, RadNet provides radiology information technology solutions, teleradiology professional

services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists,

and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 7,300 employees. For more

information, visit http://www.radnet.com.

Executive Vice President and

Chief Financial Officer