Private equity-backed Premier Radiology Services acquires another rival telerad group
Private equity-backed Premier Radiology Services continues to grow through acquisition, recently buying another rival telerad group.
The Deerfield Beach, Florida-based company is adding MetisMD, “a highly regarded teleradiology provider with deep expertise in musculoskeletal imaging.” Founded in 2005 by radiologist and CEO Greg Goldstein, MetisMD today provides expert
teleradiology services through a team of over 30 board-certified, fellowship-trained physicians.
Premier Radiology said Tuesday that acquiring the Chicago-based company marks an “exciting milestone.” The two added that they’re “committed to ensuring a smooth integration process,” placing a priority around innovation and collaboration.
“Dr. Goldstein has built an outstanding reputation for clinical excellence and innovation in teleradiology,” Andy Copilevitz, MBA, CEO of Premier Radiology Services, said in a July 8 announcement. “Both organizations were founded by radiologists and built for radiologists. This shared foundation allows us to continue empowering radiologists to practice with autonomy while advancing the quality of patient care.”
Terms of the deal were not disclosed. Premier Radiology Services—not to be confused with the Nashville, Tennessee-based practice—was founded in 2006. In 2023, it was purchased by private equity firm Grovecourt Capital Partners and has continued to grow since, also adding NationalRad in 2024. Premier Radiology Services bills itself as a “leading provider of teleradiology solutions,” now utilizing a network of over 125-board certified physicians interpreting more than 2 million images annually. It offers 24/7 coverage across various modalities and subspecialties including musculoskeletal care, neuroradiology, cardiology and women’s imaging.
Copilevitz and colleagues noted that the acquisition will grant MetisMD access to the larger organization’s “robust administrative infrastructure,” advanced technology and “collaborative clinical environment.”
“This partnership expands our reach, strengthens our ability to deliver high-quality interpretations, and creates a collaborative network that benefits both patients and providers. We’re excited about what we can accomplish together,” Goldstein added.
The deal continues the trend of increased interest among private equity firms in the teleradiology space. Earlier this year, Ziegler M&A expert Andrew Colbert labeled telerad consolidation as one of his key trends to watch in 2025. The market is currently worth about $4.4 billion and expected to hit $6.7 billion by 2027. PE has been drawn to the industry, he said, with benefits such as reduced staffing challenges, greater access to subspecialists, and more consistent turnaround times.
Ziegler recently advised Philips on its sale of Direct Radiology to Housatonic Partners-backed OnRad. Other recent deals of note have included Australia’s I-Med Radiology Network (backed by Permira) acquiring StatRad, America’s second largest telerad provider, along with RadSource scoring an investment from PE firm HealthEdge.
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.