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News You Need to Know Today
Economics | June 2023: 10 trends to watch | Rad Partners' downgrade | RadNet AI revenues | PE acquires telerad group
Tuesday, June 20, 2023
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Editor's Choice: Economics

10 trends to watch in diagnostic imaging

“To achieve organizational objectives in an ever-evolving landscape, imaging providers must develop strategies to meet increased demand for services,” Vizient experts advised.

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radiology trends lungs imaging graphs
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10 trends to watch in diagnostic imaging

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radiology trends lungs imaging graphs
“To achieve organizational objectives in an ever-evolving landscape, imaging providers must develop strategies to meet increased demand for services,” Vizient experts advised.
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S&P downgrades Radiology Partners amid worries its capital structure could become unsustainable

The country's largest imaging group has $3.37B in obligations, including “significant debt maturities looming in July 2025.”  

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money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.
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S&P downgrades Radiology Partners amid worries its capital structure could become unsustainable

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money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.
The country's largest imaging group has $3.37B in obligations, including “significant debt maturities looming in July 2025.”  
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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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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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Siemens teams with hospital giant CommonSpirit to acquire imaging vendor in ‘first of its kind’ deal

“Healthcare providers and industry need to work together to solve our common challenges," the president of Siemens Medical Solutions USA said.

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Siemens headquarters
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Siemens teams with hospital giant CommonSpirit to acquire imaging vendor in ‘first of its kind’ deal

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Siemens headquarters
“Healthcare providers and industry need to work together to solve our common challenges," the president of Siemens Medical Solutions USA said.
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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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Featured Articles

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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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. 
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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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Interventional radiology among 4 specialties with the greatest growth in claims volume since 2018

The specialty saw an 83% uptick in billing between 2018 and 2022, publicly traded data and analytics firm Definitive Healthcare reported. 

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Starting salaries for specialist physicians have mostly increased over the last year. Demand for those specialists is also on the rise. What are doctors paid? What is the average salary of a doctor, physician?
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Interventional radiology among 4 specialties with the greatest growth in claims volume since 2018

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Starting salaries for specialist physicians have mostly increased over the last year. Demand for those specialists is also on the rise. What are doctors paid? What is the average salary of a doctor, physician?
The specialty saw an 83% uptick in billing between 2018 and 2022, publicly traded data and analytics firm Definitive Healthcare reported. 
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Radiologist reaches settlement with hospital system he claimed fired him for requesting remote work

Richard Heiden, MD, has a compromised immune system and had asked NYC Health and Hospitals to reassign him to teleradiology duties after the COVID-19 pandemic hit. 

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Radiologist reaches settlement with hospital system he claimed fired him for requesting remote work

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Richard Heiden, MD, has a compromised immune system and had asked NYC Health and Hospitals to reassign him to teleradiology duties after the COVID-19 pandemic hit. 
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New data highlight ‘massive gap’ between what Medicare, Medicaid pay for diagnostic imaging

The chasm between the two public payment programs has continued to grow since 2012, the Neiman Health Policy Institute reported recently. 

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New data highlight ‘massive gap’ between what Medicare, Medicaid pay for diagnostic imaging

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The chasm between the two public payment programs has continued to grow since 2012, the Neiman Health Policy Institute reported recently. 
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