Private equity-backed teleradiology group continues to grow through acquisition
Premier Radiology Services, a Miami area teleradiology outfit, continues to grow through acquisition.
Backed by Grovecourt Capital Partners, Premier has reached a deal to buy Global Imaging Solutions, a “leading” teleradiology group that handles about 350,000 reads annually. GLOBIS, as it’s called for short, employs about 25 subspecialized radiologists and spans 28 states, serving outpatient imaging centers and orthopedic practices.
The deal comes after Premier also acquired National Radiology Solutions in January and MetisMD last summer. CEO Andy Copilevitz, MBA, said Premier Radiology targeted GLOBIS for its “talented” team of radiologists, “dedicated” support team and the chance to expand its client base.
“Together, these strengths enhance our platform and position us to meet the growing demand for high-quality teleradiology services in outpatient imaging,” Copilevitz said in a statement April 1.
Radiologist and CEO Jack Considine, MD, co-founded Global Imaging Solutions in 1998, with the company currently based in Savannah, Georgia. GLOBIS said it stands to benefit from the partnership by gaining access to Premier’s technology platform, expanded administrative infrastructure and “collaborative clinical environment.”
Terms of the deal were not disclosed. Those involved said they expect the GLOBIS team to soon join the acquirer, seeking to ensure continuity of care for customers and “further strengthening Premier’s operations and clinical talent.”
“At GLOBIS, we have always believed in providing imaging solutions that go beyond service to create a personal connection with our clients,” Considine said in a statement. “This acquisition is a testament to the dedication and hard work of our team, and I am confident that Premier will continue to advance our mission by combining strengths and expanding our reach to deliver exceptional service.”
Private equity firm Grovecourt Capital Partners first acquired Deerfield Beach, Florida-based Premier in 2023, at a time when it employed about 100 rads and handled 2 million medical images. Since then, it has grown to employ a network of over 200 board-certified radiologists, interpreting 3 million medical images annually. The firm is unaffiliated with Nashville-based Premier Radiology, one of the largest outpatient diagnostic imaging networks in Tennessee, with over 20 locations across the state.
The deal continues the trend of increased interest among private equity firms in teleradiology. Last 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 reach $6.7 billion by 2027. PE has been drawn to the industry, Colbert said, seeing benefits such as reduced staffing challenges, greater access to subspecialists, and more consistent report turnaround times.
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.