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News You Need to Know Today
Economics | December 2023: Walmart-RadNet partnership | Moody's downgrades Rad Partners | $193M M&A deal
Thursday, December 28, 2023
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Editor's Choice: Economics

RadNet inks deal to open diagnostic imaging centers in multiple Walmart locations

The two giants in their respective industries plan to debut the first “MammogramNow” clinic Dec. 8 at the supercenter in Milford, Delaware. 

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Along with X-rays, the new Walmart in-store Walmart Health clinics will also offer primary care, lab work, EKGs, behavioral health, dental, optical, and hearing services, all for a flat fee, the retailer reported. 
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RadNet inks deal to open diagnostic imaging centers in multiple Walmart locations

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Along with X-rays, the new Walmart in-store Walmart Health clinics will also offer primary care, lab work, EKGs, behavioral health, dental, optical, and hearing services, all for a flat fee, the retailer reported. 
The two giants in their respective industries plan to debut the first “MammogramNow” clinic Dec. 8 at the supercenter in Milford, Delaware. 
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Moody’s downgrades Radiology Partners, citing ‘very high leverage’

Analysts said the decision reflects increasing risk for RP, which faces forthcoming debt maturities and the chance it may need to execute a distressed exchange. 

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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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Moody’s downgrades Radiology Partners, citing ‘very high leverage’

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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.
Analysts said the decision reflects increasing risk for RP, which faces forthcoming debt maturities and the chance it may need to execute a distressed exchange. 
READ MORE >

South Korean imaging AI vendor Lunit to acquire rival for $193M

Adding Volpara's mammography solutions, used in over 2,000 U.S. sites, could catapult the acquirer "into the forefront of the American market.”

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artificial intelligence AI money brain dollar
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South Korean imaging AI vendor Lunit to acquire rival for $193M

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artificial intelligence AI money brain dollar
Adding Volpara's mammography solutions, used in over 2,000 U.S. sites, could catapult the acquirer "into the forefront of the American market.”
READ MORE >

Aidoc invests $30M to create first-of-its-kind artificial intelligence model

The new AI effort will initially focus on three key areas, including accelerating the development of robust imaging algorithms, leaders said at RSNA 2023. 

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artificial intelligence money finance acquisition
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Aidoc invests $30M to create first-of-its-kind artificial intelligence model

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artificial intelligence money finance acquisition
The new AI effort will initially focus on three key areas, including accelerating the development of robust imaging algorithms, leaders said at RSNA 2023. 
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60-year-old radiology practice sells its outpatient imaging center business to private equity-backed platform company

Southtowns Radiology said the deal will allow for expansion on the outpatient side while also letting it retain autonomy to operate its private practice. 

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60-year-old radiology practice sells its outpatient imaging center business to private equity-backed platform company

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Southtowns Radiology said the deal will allow for expansion on the outpatient side while also letting it retain autonomy to operate its private practice. 
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Featured Articles

Interventional radiology’s integration with independent urology practices a growing trend

The latest example is the Michigan Institute of Urology, which is teaming with Prostate Centers USA to open IR Centers at MIU on Dec. 27. 

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Interventional radiology’s integration with independent urology practices a growing trend

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The latest example is the Michigan Institute of Urology, which is teaming with Prostate Centers USA to open IR Centers at MIU on Dec. 27. 
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Community hospital rekindles partnership with radiology practice it left previously

Auburn Community Hospital in Cayuga County, New York, is reuniting with St. Lawrence Radiology Associates after the two had parted ways. 

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Community hospital rekindles partnership with radiology practice it left previously

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Auburn Community Hospital in Cayuga County, New York, is reuniting with St. Lawrence Radiology Associates after the two had parted ways. 
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Radiologists lose market share of Medicare ultrasound billings to cardiologists in some settings

“These shifts may reflect changes in relative utilization of specialty-specific examinations or evolving payment policies," experts wrote in AJR. 

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Performing an ultrasound
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Radiologists lose market share of Medicare ultrasound billings to cardiologists in some settings

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Performing an ultrasound
“These shifts may reflect changes in relative utilization of specialty-specific examinations or evolving payment policies," experts wrote in AJR. 
READ MORE >

UnitedHealthcare threatens to knock group of imaging centers out of its network

The health insurer is in an ongoing contract dispute with Mary Washington Healthcare and six outpatient centers run in partnership with Radiologic Associates of Fredericksburg, Virginia.

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UnitedHealthcare threatens to knock group of imaging centers out of its network

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The health insurer is in an ongoing contract dispute with Mary Washington Healthcare and six outpatient centers run in partnership with Radiologic Associates of Fredericksburg, Virginia.
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Putting US radiology reimbursement cuts in context and what comes next

Richard Heller, MD, a member of the RSNA Board and associate CMO for Rad Partners, explains the impact of the 2024 Medicare cuts and what is at stake.

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Video interview with Richard Heller, MD, RSNA Board member, associate chief medical officer for health policy and communications, and national director of pediatric radiology at Radiology Partners, explains the impact of the 2024 Medicare cuts on radiology and what comes next. #RSNA #RSNZA23 #RSNA2023 #CMS #Radiology
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Putting US radiology reimbursement cuts in context and what comes next

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Video interview with Richard Heller, MD, RSNA Board member, associate chief medical officer for health policy and communications, and national director of pediatric radiology at Radiology Partners, explains the impact of the 2024 Medicare cuts on radiology and what comes next. #RSNA #RSNZA23 #RSNA2023 #CMS #Radiology
Richard Heller, MD, a member of the RSNA Board and associate CMO for Rad Partners, explains the impact of the 2024 Medicare cuts and what is at stake.
READ MORE >

Moody’s upgrades outlook for US Radiology Specialists amid improved operating performance

Credit analysts switched their forecast from “negative” to “stable,” highlighting both higher patient volumes and revenue per unit. 

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business money suit investor
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Moody’s upgrades outlook for US Radiology Specialists amid improved operating performance

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business money suit investor
Credit analysts switched their forecast from “negative” to “stable,” highlighting both higher patient volumes and revenue per unit. 
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Radiology groups express ‘profound objection’ to Cigna policy change

“It is our firm belief that such a classification does a disservice to patients," the American Society of Neuroradiology, Society for Interventional Radiology and others wrote recently. 

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Cigna, one of the nation’s largest health insurance providers, announced new priorities for its capital deployment, including steering an additional $450 million into Cigna Ventures.
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Radiology groups express ‘profound objection’ to Cigna policy change

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Cigna, one of the nation’s largest health insurance providers, announced new priorities for its capital deployment, including steering an additional $450 million into Cigna Ventures.
“It is our firm belief that such a classification does a disservice to patients," the American Society of Neuroradiology, Society for Interventional Radiology and others wrote recently. 
READ MORE >

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