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News You Need to Know Today
S&P downgrades radiology group | Private equity inks agreement with UHC | Strategic Radiology adds state
Tuesday, August 22, 2023
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Today's News and Trends

S&P downgrades radiology provider Akumin as it faces ‘significant headwinds’

Setbacks have included labor and supply chain challenges, delays in recognizing synergies from its merger with Alliance Healthcare Services and soft patient volumes. 

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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 provider Akumin as it faces ‘significant headwinds’

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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.
Setbacks have included labor and supply chain challenges, delays in recognizing synergies from its merger with Alliance Healthcare Services and soft patient volumes. 
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Affiliate of private equity-backed US Radiology Specialists reaches in-network agreement with UnitedHealthcare

Tucson, Arizona-based Radiology Ltd. was set to see its contract with the nation's largest commercial health insurer expire on Aug. 15. 

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Affiliate of private equity-backed US Radiology Specialists reaches in-network agreement with UnitedHealthcare

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Tucson, Arizona-based Radiology Ltd. was set to see its contract with the nation's largest commercial health insurer expire on Aug. 15. 
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Independent practice coalition Strategic Radiology expands to 20th state with new member

Intercity Radiology employs 11 board-certified physicians and serves six hospitals across Montana and western Washington. 

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Scott Bundy, MD
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Independent practice coalition Strategic Radiology expands to 20th state with new member

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Scott Bundy, MD
Intercity Radiology employs 11 board-certified physicians and serves six hospitals across Montana and western Washington. 
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Surging demand prompts school to resurrect long-dormant radiologic technologist program

Midland College discontinued its rad tech offerings more than a decade ago amid declining enrollment and increasing costs.  

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Surging demand prompts school to resurrect long-dormant radiologic technologist program

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Midland College discontinued its rad tech offerings more than a decade ago amid declining enrollment and increasing costs.  
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In Case You Missed It

Imaging vendor Nanox says it will pay $650,000 in civil penalties to settle SEC investigation

The Israel-based company said it also has entered an agreement to settle a class action lawsuit for another $8 million. 

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Twenty-three percent of cardiologists have a net worth of more than $5 million, No. 5 among all specialties, according to a new report. A majority of cardiologists also said they have had no significant financial losses in the last year. What are cardiologists paid? How much do cardiologists make?
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Imaging vendor Nanox says it will pay $650,000 in civil penalties to settle SEC investigation

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Twenty-three percent of cardiologists have a net worth of more than $5 million, No. 5 among all specialties, according to a new report. A majority of cardiologists also said they have had no significant financial losses in the last year. What are cardiologists paid? How much do cardiologists make?
The Israel-based company said it also has entered an agreement to settle a class action lawsuit for another $8 million. 
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Vanderbilt Health breaks ground on 6,000-square-foot new imaging facility

The facility is located on a 0.55-acre site in Nashville and plans to offer services including MRI, CT, ultrasound, fluoroscopy, X-ray and mammography. 

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Shovel
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Vanderbilt Health breaks ground on 6,000-square-foot new imaging facility

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Shovel
The facility is located on a 0.55-acre site in Nashville and plans to offer services including MRI, CT, ultrasound, fluoroscopy, X-ray and mammography. 
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‘Alarming’ study results show uneven distribution of radiologists in 1 state

There is 1 radiologist for every 5,861 residents in the wealthiest counties versus 1 for every 7,861 in the poorest, researchers wrote in Cureus.

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USA map
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‘Alarming’ study results show uneven distribution of radiologists in 1 state

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USA map
There is 1 radiologist for every 5,861 residents in the wealthiest counties versus 1 for every 7,861 in the poorest, researchers wrote in Cureus.
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In Other News

AI specialists focused on discovering new drug therapies raise $200M

“AI presents a potent opportunity to revolutionize the drug discovery process," according to the company's CEO.

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artificial intelligence money finance acquisition
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AI specialists focused on discovering new drug therapies raise $200M

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artificial intelligence money finance acquisition
“AI presents a potent opportunity to revolutionize the drug discovery process," according to the company's CEO.
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Interventional echocardiography expected to grow thanks to new structural heart procedures

American Society of Echocardiography (ASE) President Stephen Little, MD, says there will be an increasing need for interventional echocardiographers in the near future.

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Video of ASE President Stephen Little, MD, discussing trends in interventional echo at the ASE 2023 annual meeting.
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Interventional echocardiography expected to grow thanks to new structural heart procedures

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Video of ASE President Stephen Little, MD, discussing trends in interventional echo at the ASE 2023 annual meeting.
American Society of Echocardiography (ASE) President Stephen Little, MD, says there will be an increasing need for interventional echocardiographers in the near future.
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Lab owner gets 27 years in prison for $463M Medicare fraud scheme

According to the U.S. Department of Justice, LabSolutions took advantage of patients using a telemarketing scheme, with its owner personally pocketing millions in kickbacks.

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Lab owner gets 27 years in prison for $463M Medicare fraud scheme

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According to the U.S. Department of Justice, LabSolutions took advantage of patients using a telemarketing scheme, with its owner personally pocketing millions in kickbacks.
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