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M&A: Turnover jumps after PE acquisitions | Health system buys 18 centers | RadNet eyes new states | Doc hospital-ownership bill

News You Need to Know Today
M&A: Turnover jumps after PE acquisitions | Health system buys 18 centers | RadNet eyes new states | Doc hospital-ownership bill
Friday, May 2, 2025
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Editor's Choice: M&A

Physician turnover increases after private-equity investors sell their practice ownership stake

Medical groups have become an attractive PE target in recent years, with investors acquiring about 1,000 such entities between 2010 and 2020, experts write in JAMA.  

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private equity corporatization business consolidation
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Physician turnover increases after private-equity investors sell their practice ownership stake

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private equity corporatization business consolidation
Medical groups have become an attractive PE target in recent years, with investors acquiring about 1,000 such entities between 2010 and 2020, experts write in JAMA.  
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Radiology provider MedQuest part of deal to acquire 18 imaging centers from 1 of nation’s largest orthopedic groups

OrthoCarolina is the seller, unloading locations across its home city of Charlotte and the Piedmont Triad region that includes Greensboro, Winston-Salem and High Point. 

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OrthoCarolina
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Radiology provider MedQuest part of deal to acquire 18 imaging centers from 1 of nation’s largest orthopedic groups

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OrthoCarolina
OrthoCarolina is the seller, unloading locations across its home city of Charlotte and the Piedmont Triad region that includes Greensboro, Winston-Salem and High Point. 
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Bipartisan bill would allow radiologists and other physicians to own certain hospitals

The American Hospital Association announced its opposition March 27, contending docs will "inflate healthcare costs and drain essential resources." 

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physician money payments dollars
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Bipartisan bill would allow radiologists and other physicians to own certain hospitals

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physician money payments dollars
The American Hospital Association announced its opposition March 27, contending docs will "inflate healthcare costs and drain essential resources." 
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RadNet exploring expansion outside of its 8 core markets in 2025

"We’ve got a pipeline ... and we’re hopeful we can execute and expand the footprint geographically," the company's CFO tells Oppenheimer Conference attendees.  

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USA map
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RadNet exploring expansion outside of its 8 core markets in 2025

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USA map
"We’ve got a pipeline ... and we’re hopeful we can execute and expand the footprint geographically," the company's CFO tells Oppenheimer Conference attendees.  
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Thousands of radiologists now work for private equity, up sharply from a decade ago

About 282 (or 1%) of radiologists worked for PE entities in 2013, a number that has increased over 1,300% in the 11 years since, according to new research. 

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merger acquisition M&A business
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Thousands of radiologists now work for private equity, up sharply from a decade ago

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merger acquisition M&A business
About 282 (or 1%) of radiologists worked for PE entities in 2013, a number that has increased over 1,300% in the 11 years since, according to new research. 
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Corporations acquired 113 radiology practices, imaging centers over 11-year period

The South was the most active region with 50 deals, including 18 in Texas and 15 in Florida, experts write in the Journal of the American College of Radiology.

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Healthcare M&A, mergers and acquisitions business deal.
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Corporations acquired 113 radiology practices, imaging centers over 11-year period

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Healthcare M&A, mergers and acquisitions business deal.
The South was the most active region with 50 deals, including 18 in Texas and 15 in Florida, experts write in the Journal of the American College of Radiology.
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Lantheus completes acquisition of radiopharma firm Evergreen Theragnostics for up to $1B

Founded in 2019 and headquartered in Springfield, New Jersey, Evergreen develops and manufactures imaging agents for diagnosing and treating cancer. 

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Lantheus
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Lantheus completes acquisition of radiopharma firm Evergreen Theragnostics for up to $1B

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Lantheus
Founded in 2019 and headquartered in Springfield, New Jersey, Evergreen develops and manufactures imaging agents for diagnosing and treating cancer. 
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Private equity firm launches Integrated Diagnostic Services, a new mobile radiology company

The HCAP Partners-backed  group will provide  X-ray, ultrasound, EKGs and lab work, serving as a cheaper alternative to hospitals. 

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ultrasound old man senior bedside imaging POCUS
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Private equity firm launches Integrated Diagnostic Services, a new mobile radiology company

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ultrasound old man senior bedside imaging POCUS
The HCAP Partners-backed  group will provide  X-ray, ultrasound, EKGs and lab work, serving as a cheaper alternative to hospitals. 
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GE HealthCare finalizes purchase of radiopharma firm that generates $183M in revenue

The Chicago-based manufacturer is buying the remaining stake in Nihon Medi-Physics, a Japanese developer of imaging agents used in SPECT and PET exams. 

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GE Healthcare and Nihon Medi-Physics
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GE HealthCare finalizes purchase of radiopharma firm that generates $183M in revenue

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GE Healthcare and Nihon Medi-Physics
The Chicago-based manufacturer is buying the remaining stake in Nihon Medi-Physics, a Japanese developer of imaging agents used in SPECT and PET exams. 
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Strategic Radiology grows to over 2,000 physicians, adding state’s largest imaging group

Founded over 60 years ago, New Jersey-based University Radiology, employs 180-plus board-certified rads handling 2.1 million exams annually. 
 

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mergers and acquisitions M&A puzzle
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Strategic Radiology grows to over 2,000 physicians, adding state’s largest imaging group

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mergers and acquisitions M&A puzzle
Founded over 60 years ago, New Jersey-based University Radiology, employs 180-plus board-certified rads handling 2.1 million exams annually.  
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Radiology practices get reprieve from Corporate Transparency Act reporting requirements

The Trump administration recently announced it will not enforce penalties for failing to adhere to the March 21 deadline tied to the CTA. 

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Radiology practices get reprieve from Corporate Transparency Act reporting requirements

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The Trump administration recently announced it will not enforce penalties for failing to adhere to the March 21 deadline tied to the CTA. 
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Radiology AI firm Gleamer expands into MRI with 2 acquisitions

The French company offers solutions across X-ray, mammography and CT, adding MRI to its portfolio by buying Pixyl and Caerus Medical. 

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Radiology AI firm Gleamer expands into MRI with 2 acquisitions

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The French company offers solutions across X-ray, mammography and CT, adding MRI to its portfolio by buying Pixyl and Caerus Medical. 
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Private equity-backed digital education platform TrueLearn acquires radiology vendor Medality

Medality (formerly MRI Online) boasts over 150 clients across 100 countries including private practices, academic programs and hospital radiology departments. 

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Medality CEO and co-founder Daniel Arnold
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Private equity-backed digital education platform TrueLearn acquires radiology vendor Medality

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Medality CEO and co-founder Daniel Arnold
Medality (formerly MRI Online) boasts over 150 clients across 100 countries including private practices, academic programs and hospital radiology departments. 
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Private-equity radiology group owner Grovecourt Capital acquires MRI solutions provider IMRIS Imaging

Founded in 2005, the vendor designs, manufactures and services its proprietary intraoperative MRI suite used on over 70,000 patients. 

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imris imaging grovecourt capital MRI suite
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Private-equity radiology group owner Grovecourt Capital acquires MRI solutions provider IMRIS Imaging

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imris imaging grovecourt capital MRI suite
Founded in 2005, the vendor designs, manufactures and services its proprietary intraoperative MRI suite used on over 70,000 patients. 
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