Radiology Partners’ restructuring reduces its debt by 20% or $600M, Moody’s estimates That would leave RP’s current obligations at about $2.4 billion, with debt maturities now extended by several years. Read more about Radiology Partners’ restructuring reduces its debt by 20% or $600M, Moody’s estimates
RadNet enters first new market since 2020, acquiring 7 imaging centers The M&A deal is with Houston Medical Imaging, which performed over 135,000 procedures last year, producing $28M in revenue. Read more about RadNet enters first new market since 2020, acquiring 7 imaging centers
Lawsuit accuses radiology AI vendor MIM Software of patent theft Progenics Pharmaceuticals Inc. claims MIM stole its patents and used them to help entice GE HealthCare to buy the company in January. Read more about Lawsuit accuses radiology AI vendor MIM Software of patent theft
Hologic breast care devices could cause life-threatening complications, FDA warns The BioZorb 3D bioabsorbable markerSourceHologic UPDATED: BioZorb is FDA cleared for the radiographic marking of soft tissue sites for future procedures such as radiation therapy. Read more about Hologic breast care devices could cause life-threatening complications, FDA warns
Senators press congressional leaders to address radiologist Medicare pay cut “After three consecutive years of Medicare payment reductions, healthcare providers are at a breaking point," 32 bipartisan members of the Senate wrote recently. Read more about Senators press congressional leaders to address radiologist Medicare pay cut
Class action lawsuit claims radiologists subjected patients to ‘secret’ MRI research Physician allegedly kept patients in scanners for extra examinations as part of a study evaluating the livers of indigenous peoples. Read more about Class action lawsuit claims radiologists subjected patients to ‘secret’ MRI research
S&P views Radiology Partners’ debt refinancing maneuvers as ‘tantamount to a default’ The country’s largest radiology practice first announced the series of actions, including raising $720 million in new “growth equity,” on Feb. 15. Read more about S&P views Radiology Partners’ debt refinancing maneuvers as ‘tantamount to a default’
Proprietary mobile ultrasound system receives $2.1M in early funding Sonus Microsystems says it is able to batch-manufacture thousands of ultrasound transducers on a single wafer. SourceSonus The remote system can be used anywhere and could provide access for patients in rural communities.Read more about Proprietary mobile ultrasound system receives $2.1M in early funding
Sonus Microsystems says it is able to batch-manufacture thousands of ultrasound transducers on a single wafer. SourceSonus
Average in-network and OON payment amounts are converging in radiology This trend was seen across radiology and emergency medicine, two specialties highly impacted by surprise billing, FAIR Health noted. Read more about Average in-network and OON payment amounts are converging in radiology
Over 134,000 US cancer cases went undiagnosed during COVID-19 pandemic’s peak Cancers of the prostate (17%), female breast (13%), and lung (12%) accounted for the largest share of the tally, experts noted. Read more about Over 134,000 US cancer cases went undiagnosed during COVID-19 pandemic’s peak
