Foundation Radiology raises $2.5M

Cheryl Proval | | Radiology Business | Economics

Pittsburgh-based Foundation Radiology raised $2.5 million from investors, reports the Pittsburgh Business Times.

Founded in 2006, the radiology-services company employs 55 FTE radiologists and 47 FTE employees, making it one of the largest teleradiology companies in the country, according to a report in Radiology Business Journal.

Sources of funding included two previous investors, private equity companies Chrysalis Ventures and Health Evolution Partners, which also provided capital for Nashville-based teleradiology company Optimal Radiology.

Foundation Radiology CFO David Haffner told the Pittsburgh Business Times that the funds will be used to support growth and expansion.

Cheryl Proval,

Vice President, Executive Editor, Radiology Business

Cheryl began her career in journalism when Wite-Out was a relatively new technology. During the past 16 years, she has covered radiology and followed developments in healthcare policy. She holds a BA in History from the University of Delaware and likes nothing better than a good story, well told.

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