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. 

Enlitic

Radiology data sharing vendor Enlitic to acquire rival for $5M

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

Siemens Healthineers

Siemens Healthineers to acquire Novartis imaging unit for over $223M

The Swiss pharmaceutical firm operates Europe’s second largest network of cyclotrons, used to manufacture radioactive compounds needed for PET scans.  

Rhode Island Medical Imaging

Rhode Island Medical Imaging and its 90 physicians join Strategic Radiology

Founded in 1943, the private practice has a network of 16 diagnostic imaging facilities overseen by its staff of "deeply" subspecialized radiologists.

M&A mergers and acquisitions business deal

Steward reaches deal to sell multispecialty physician group to private equity affiliate for $245M

The deal includes Steward Medical Group, a physician-led organization offering primary care, diagnostic imaging and other specialty services across several states. 

quality imaging appropriateness clinical decision support CAS AUC

Radiologist-founded clinical decision support firm MedCurrent acquired for nearly $25M

Toronto-based software company VitalHub Corp. said it has inked a definitive agreement to buy the CDS provider and its core product OrderWise. 

venture capital corporate suit business corporatization

Members of Congress introduce bill to rein in private equity ownership of physician practices

"Private equity firms and greedy corporate executives are using the healthcare system as a piggybank,” said Sen. Edward J. Markey, D-Mass. 

I-MED Radiology Network

Private equity owner of Australia’s largest radiology firm, which just entered U.S., eyes nearly $2B sale

Earlier this month, I-MED Radiology Network announced it had reached a deal to acquire San Diego-based StatRad, adding $164M in EBITDA.  

dollar money finance debt decrease

Imaging among the categories seeing greatest 2-year decline in private equity deals

The Pitchbook analysis also charted similar PE ownership downturns in other healthcare categories such as skilled nursing and hospitals.  

Around the web

After reviewing years of data from its clinic, one institution discovered that issues with implant data integrity frequently put patients at risk. 

Prior to the final proposal’s release, the American College of Radiology reached out to CMS to offer its recommendations on payment rates for five out of the six the new codes.

“Before these CPT codes there was no real acknowledgment of the additional burden borne by the providers who accepted these patients."

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