All businesses are facing COVID-19 challenges. As such, RadNet has experienced significant financial turmoil due to COVID-19. It was not permitted to perform elective surgeries that generate a large portion of its revenue in order to conserve personal protective equipment.
In response, Continental East Development extended its lease for 12 months. CED structured a payment plan that will allow RadNet to issue lease payments for April, May, and June 2020 over 2021.
For more info on RadNet, see their website: www.radnet.com