Mergers & Acquisitions

The healthcare industry sees a lot of consolidation between both vendors and healthcare providers this channel tracks mergers and acquisitions between large healthcare systems, community hospitals, private practices, vendors and private equity investors. Health systems have been growing in size substantially in the past decade with mergers with smaller healthcare systems and hospitals. This is largely due to the need to be more efficient amid lower reimbursements and rising costs by building an economy of scale in a larger health system. On the vendor side, mergers have become a common way to reduce research and development costs by purchasing intellectual rights for new technologies, or to purchased companies with new technologies that already have regulatory market clearance. 

Strategic Radiology

Grand Traverse Radiologists joins Strategic Radiology’s growing private practice coalition

This marks SR’s third member in the Great Lakes State, joining Advanced Radiology Services and Huron Valley Radiology, and 42nd overall. 

Novartis

Siemens Healthineers finalizes $223M purchase of Novartis’ imaging unit

The Erlangen, Germany-based manufacturer believes the addition will complement its network of 47 PET radiopharmacies concentrated in the U.S., adding over a dozen new sites. 
 

mergers and acquisitions M&A puzzle

GE HealthCare acquires full stake in radiopharma firm that generated $183M last year

Tokyo-based Nihon Medi-Physics' portfolio includes nuclear imaging agents delivered across oncology, neurology and cardiology. 

merger acquisition M&A business

RadNet has spent over $54M on acquisitions so far in 2024

Most recently, the Los Angeles-based radiology provider acquired artificial intelligence firm Kheiron Medical Technologies for $1 million. 

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Imaging center stops answering phones after hospital acquisition, patients complain

Adventist Health finalized its purchase two Central California Coast hospitals in March but is still struggling to offer radiology services. 

Peter Kecskemethy PhD CEO co-founder Kheiron Medical

RadNet subsidiary DeepHealth acquires another artificial intelligence firm

The outpatient imaging center operator is adding Kheiron Medical Technologies, which uses deep learning to help radiologists detect breast cancer. 

Enlitic

Radiology data sharing vendor Enlitic completes $5M acquisition of imaging IT pioneer

The Fort Collins, Colorado-based company has purchased all shares of Laitek Inc., a major provider of medical imaging data migration and routing services in the U.S. 

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Private equity firm invests $7.8M in radiology market-intelligence outfit Signify Research

Leaders said the investment from London-based BGF will help Signify accelerate its growth plans and expand the company's market presence. 

Around the web

The patient, who was being cared for in the ICU, was not accompanied or monitored by nursing staff during his exam, despite being sedated.

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.