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News You Need to Know Today
Best of the Week: Private equity acquires telerad group | Rad Partners' debt holders seek counsel | RadNet's AI revenues
Saturday, June 17, 2023
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This Week’s News

Private equity firm acquiring 'leading' teleradiology group that spans 48 states

Grovecourt Capital Partners said it hopes to fuel further expansion for Miami-based Premier Radiology Services, which was founded in 2006. 

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Healthcare M&A, mergers and acquisitions business deal.
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Private equity firm acquiring 'leading' teleradiology group that spans 48 states

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Healthcare M&A, mergers and acquisitions business deal.
Grovecourt Capital Partners said it hopes to fuel further expansion for Miami-based Premier Radiology Services, which was founded in 2006. 
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Radiology Partners’ debt holders weighing options with attorneys following credit downgrade

The imaging giant's loan hit a recent low of 72 cents on the dollar, according to Bloomberg-compiled data, down from 80 cents in April. 

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Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 
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Radiology Partners’ debt holders weighing options with attorneys following credit downgrade

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Medicare money payment physician. The CardioVascular Coalition and Society for Cardiovascular Angiography and Interventions have both issued new statements highlighting their issues with the 2024 MPFS proposed rule. 
The imaging giant's loan hit a recent low of 72 cents on the dollar, according to Bloomberg-compiled data, down from 80 cents in April. 
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RadNet expects to log upward of $18M in revenue from its AI division this year

CFO Mark Stolper recently spoke about the imaging group's artificial intelligence strategy at the Jefferies Healthcare Conference in New York.

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artificial intelligence money finance acquisition
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RadNet expects to log upward of $18M in revenue from its AI division this year

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artificial intelligence money finance acquisition
CFO Mark Stolper recently spoke about the imaging group's artificial intelligence strategy at the Jefferies Healthcare Conference in New York.
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Radiologist-founded augmented reality startup raises $20M from Kevin Durant, Mayo Clinic, Disney CEO

Medivis' SurgicalAR platform allows interventional radiologists and surgeons to holographically render patients' MRI and CT images during procedures. 

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medivis SurgicalAR
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Radiologist-founded augmented reality startup raises $20M from Kevin Durant, Mayo Clinic, Disney CEO

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medivis SurgicalAR
Medivis' SurgicalAR platform allows interventional radiologists and surgeons to holographically render patients' MRI and CT images during procedures. 
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Radiology practice SimonMed launches nationwide whole-body MRI service, charging fraction of competitors’ prices

SimonOne utilizes AI, advanced clinical protocols and the “best available” equipment to detect diseases before symptoms arise, the PE-backed group announced. 

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SimonMed
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Radiology practice SimonMed launches nationwide whole-body MRI service, charging fraction of competitors’ prices

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SimonMed
SimonOne utilizes AI, advanced clinical protocols and the “best available” equipment to detect diseases before symptoms arise, the PE-backed group announced. 
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Featured Articles

Private equity-backed Capitol Imaging acquires 2 radiology groups spanning 10 locations

The Metairie, Louisiana-based radiology group has doubled in size since Clearview Capital funded the company in October 2020. 

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Private equity-backed Capitol Imaging acquires 2 radiology groups spanning 10 locations

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The Metairie, Louisiana-based radiology group has doubled in size since Clearview Capital funded the company in October 2020. 
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RadNet raises $225M through public stock offering

The Los Angeles-based imaging center operator intends to use the proceeds to pay off $100M in term loans, along with "other corporate purposes." 

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RadNet raises $225M through public stock offering

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stock market
The Los Angeles-based imaging center operator intends to use the proceeds to pay off $100M in term loans, along with "other corporate purposes." 
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Hospital system and 2 imaging center chains band together in joint venture deal

Inspira Health is bringing together its long-time imaging partner and an outside competitor to help bolster access and expand services. 

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mergers acquisitions puzzle M&A
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Hospital system and 2 imaging center chains band together in joint venture deal

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mergers acquisitions puzzle M&A
Inspira Health is bringing together its long-time imaging partner and an outside competitor to help bolster access and expand services. 
READ MORE >

Publicly traded radiology provider Akumin taps Philips veteran for C-suite role

Krishna Kumar, MBA, assumed the role of president and chief operating officer on June 16

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Publicly traded radiology provider Akumin taps Philips veteran for C-suite role

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akumin_square2.jpg
Krishna Kumar, MBA, assumed the role of president and chief operating officer on June 16
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US Radiology Specialists expanding its pipeline for attracting and retaining technologists

Private equity-backed USRS plans to extend the reach of its Technologist Advancement Academy across all 180 of its imaging centers.  

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layoffs staff cuts termination workforce
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US Radiology Specialists expanding its pipeline for attracting and retaining technologists

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layoffs staff cuts termination workforce
Private equity-backed USRS plans to extend the reach of its Technologist Advancement Academy across all 180 of its imaging centers.  
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Prompting primary care physicians in the EHR helps boost use of CT for lung cancer screening

Rutgers University has seen significant increases in the number of fully filled out patient records, individuals eligible for screening, and completed LDCT orders. 

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lung_cancer_orchestrator.jpg
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Prompting primary care physicians in the EHR helps boost use of CT for lung cancer screening

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lung_cancer_orchestrator.jpg
Rutgers University has seen significant increases in the number of fully filled out patient records, individuals eligible for screening, and completed LDCT orders. 
READ MORE >

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