Radiology practice network LucidHealth signs $25M deal with vendor Visage Imaging
Private equity-backed radiology practice network LucidHealth has signed a seven-year, $25.1 million (USD) deal with vendor Visage Imaging, the two announced Monday.
Under the agreement, the Columbus, Ohio, provider group will implement the cloud-based Visage 7 Enterprise Imaging Platform across its organization. Planning for the rollout has already commenced, with leaders hoping to launch the software by the end of 2025.
LucidHealth employs over 300 radiologists working across a network of 140 locations, those involved noted. Its operations include subspecialized remote and on-site rad reading services, with a clinically integrated network of community-based practices.
“LucidHealth joins our rapidly growing list of private practice clients,” Sam Hupert, MBBS, CEO of Visage parent company Pro Medicus, said in a statement.
This is one of several recently announced deals for Visage, which was acquired by Australia-based Pro Medicus in 2009. The company also inked a seven-year, $33.3 million enterprise imaging partnership with Tampa, Florida, health system BayCare in February. Same for the University of Kentucky, which signed a $20.7 million, nine-year PACS pact with Visage in January.
LucidHealth is one of the “largest physician-owned, outsourced providers of radiology services in the country.” The company was founded in 2016 with funds from private equity firm Excellere Partners. LucidHealth also announced a new partnership with radiology AI vendor NewVue on Tuesday.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.