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. 

Mercy Medical Center Redding

Healthcare giant Dignity Health acquiring 70-year-old radiology practice

MD Imaging sees about 500 patients a day, but like others, has grappled with economic challenges including rising costs and decreasing reimbursement.

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AMA debates resolution seeking federal ban on corporate practice of medicine

A radiologist unaffiliated with the campaign gave an impassioned speech on the topic, appealing to have the resolution presented for debate at the interim House of Delegates. 

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Independent practice coalition Strategy Radiology expands to new state

Skagit Radiology is based in Mount Vernon, Washington, and includes 17 subspecialty-trained physicians, covering six hospitals across its home state and Alaska. 

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Pritzker family-backed Epic Staffing Group acquires teleradiology outfit

Independently owned and launched in 2015, the radiology practice is “committed to providing the most efficient, quality reads in nearly 50 states."

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AMN Healthcare to acquire radiology staffing firm in deal valued at $300M

Adding MSDR will allow AMN to provide a larger candidate pool, including professionals specializing in some of the “most needed, in-demand services.” 

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Private equity firm says acquisition of imaging services provider creates 2nd largest such company in the US

Atlantic Street Capital is purchasing Brown’s Medical Imaging and plans to combine the company with previously acquired Prestige Medical Imaging.  

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Private equity-backed Solis Mammography saw earnings jump 25% last year, up to $54M

The Addison, Texas-based company was founded in 1986 and in 2018 sold a majority stake to private equity firm Madison Dearborn Capital Partners, which has pursued rapid expansion.

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Novartis may sell assets from its diagnostic imaging unit: Report

The Swiss company is already is in the initial stages of seeking buyers for some of its radiology-related products, Bloomberg reported Tuesday. 

Around the web

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.

The all-in-one Omni Legend PET/CT scanner is now being manufactured in a new production facility in Waukesha, Wisconsin.

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