Private equity-backed SimonMed Imaging opens 7 new outpatient centers

Private equity-backed radiology practice SimonMed Imaging is celebrating the opening of seven new outpatient centers in a single state.

The facilities are spread across Florida and were developed through a combination of acquisitions and de novo buildouts. Headquartered in Scottsdale, Arizona, SimonMed Imaging now has 35 locations in Florida and about 170 total across 11 states.

Two of the new Florida outposts—in Lake Nona and Sarasota Springs—also will offer the practice’s whole-body MRI service. "SimonOne" utilizes 3T magnetic resonance imaging technology and in-house radiologist expertise to assess asymptomatic patients for early signs of disease.

“Through SimonMed’s expansion, we are continuing our mission of making advanced technology, including 3T MRI and 3D mammography, accessible and affordable across Florida,” radiologist, Founder and CEO John Simon, MD, said in a statement shared Monday.

Three of the new centers are in southwest Florida’s Sarasota County, two in the greater Orlando area, and two more in the Tampa Bay marketplace. SimonMed’s latest location, in Orange City, Florida, opened Aug. 19. The practice also provides imaging services in Arizona, California, Colorado, Illinois, Kentucky, Minnesota, Nevada, New York, Texas and Wisconsin.

Founded in 2003, SimonMed deploys about 200 radiologists, billing itself as “one of the largest outpatient medical imaging providers and largest physician radiology practices in the United States.” SimonMed inked a $600 million partnership with New York private equity firm American Securities in 2021 and has grown steadily since then.