11:58 AM EST, 03/08/2024 (MT Newswires) -- RadNet ( RDNT ) said it priced an underwritten public offering of about 4.6 million shares at $44 apiece to raise gross proceeds of around $200 million.

Underwriters for the offering have a 30-day option to buy up to an additional 682,500 shares, according to the company.

Net proceeds will be used for general corporate purposes and future acquisitions, the company said.

RadNet ( RDNT ) expects to close the offering on or about March 12, subject to customary closing conditions.

RadNet ( RDNT ) shares declined 6% in recent trading.

Price: 45.55, Change: -3.00, Percent Change: -6.17