| The Month in Review | Editor's Note: Radiology Partners dominated the headlines in June after S&P Global Ratings downgraded the imaging industry giant’s credit rating, concerned its capital structure could become unsustainable. Fitch Ratings followed suit shortly after, adding RP to the roster of companies at risk of default in the next two years—the same list Envision Healthcare joined ahead of its bankruptcy filing. Time will tell whether this is only a blip for the country’s largest radiology group or a sign of worse things to come. In the meantime, RP’s lenders have reportedly lawyered up while the practice seeks additional investors ahead of looming debt maturities.
—Marty Stempniak, Editor Editor's Note: Radiology Partners dominated the headlines in June after S&P Global Ratings downgraded the imaging industry giant’s credit rating, concerned its capital structure could become unsustainable. Fitch Ratings followed suit shortly after, adding RP to the roster of companies at risk of default in the next two years—the same list Envision Healthcare joined ahead of its bankruptcy filing. Time will tell whether this is only a blip for the country’s largest radiology group or a sign of worse things to come. In the meantime, RP’s lenders have reportedly lawyered up while the practice seeks additional investors ahead of looming debt maturities.
—Marty Stempniak, Editor |
| The country's largest imaging group has $3.37B in obligations, including “significant debt maturities looming in July 2025.” The country's largest imaging group has $3.37B in obligations, including “significant debt maturities looming in July 2025.” | | |
| The nation’s largest imaging group has hired Barclays, hoping to raise “preferred equity” with a portion of its debts coming due in the next 2 years.
The nation’s largest imaging group has hired Barclays, hoping to raise “preferred equity” with a portion of its debts coming due in the next 2 years.
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| Grovecourt Capital Partners said it hopes to fuel further expansion for Miami-based Premier Radiology Services, which was founded in 2006. Grovecourt Capital Partners said it hopes to fuel further expansion for Miami-based Premier Radiology Services, which was founded in 2006. | | |
| SimonOne utilizes AI, advanced clinical protocols and the “best available” equipment to detect diseases before symptoms arise, the PE-backed group announced. SimonOne utilizes AI, advanced clinical protocols and the “best available” equipment to detect diseases before symptoms arise, the PE-backed group announced. | | |
| 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. 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. | | |
| | 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. 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. | | |
| Meanwhile, the agency has removed radiology provider Envision Healthcare from the same list following its recent bankruptcy filing. Meanwhile, the agency has removed radiology provider Envision Healthcare from the same list following its recent bankruptcy filing. | | |
| The 22,632 square-foot center will include four wide-bore MRIs and upgraded PET and CT scanners, leaders announced recently. The 22,632 square-foot center will include four wide-bore MRIs and upgraded PET and CT scanners, leaders announced recently. | | |
| CFO Mark Stolper recently spoke about the imaging group's artificial intelligence strategy at the Jefferies Healthcare Conference in New York. CFO Mark Stolper recently spoke about the imaging group's artificial intelligence strategy at the Jefferies Healthcare Conference in New York. | | |
| Eileen Appelbaum, PhD, spoke during the Take Back Medicine summit, focused on the theme of “reclaiming medicine from corporate interests.” Eileen Appelbaum, PhD, spoke during the Take Back Medicine summit, focused on the theme of “reclaiming medicine from corporate interests.” | | |
| Those include the nation’s most populace state, which employs 1,700 members of the specialty earning $339,140 annually. Those include the nation’s most populace state, which employs 1,700 members of the specialty earning $339,140 annually. | | |
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