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. 

US isotope manufacturer takes step toward production

SHINE Medical Technologies is moving its headquarters from the Madison, Wisconsin, area to Janesville. All employees will relocate to the new building and continue preparing for the construction of SHINE’s radioisotope production facility, also in Janesville.

Bayer considering sale of radiology supplies unit

Bayer AG, the German chemicals and healthcare company, is considering selling its radiology supplies unit, worth $3 billion, while the company is in talks to acquire Monsanto Co, reports Yahoo Finance. 

Radiology Partners to join the American College of Radiology’s R-SCAN network

Radiology Partners (RP), the largest on-site radiology group in the U.S., have announced it will join the American College of Radiology’s (ACR) Radiology Support, Communication and Alignment Network (R-SCAN). 

American College of Radiology partners with Society for Participatory Medicine in effort to focus on patient-physician collaboration

The American College of Radiology (ACR) is joining the Society for Participatory Medicine (SPM).

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Culture and the Practice Merger

As radiology groups consolidate, strategies for negotiating the successful merging of cultures are imperative

Washington State Radiology Group Renews RCM Services Agreement with Zotec Partners

INDIANAPOLIS--(BUSINESS WIRE)--Zotec Partners (Zotec), the industry-leading provider of radiology revenue cycle and practice management services, announces a revenue cycle management (RCM) services renewal with Radia Inc., PS, the largest and most progressive radiology group in the Pacific Northwest. In the extended agreement, Zotec will continue to manage the practice’s revenue cycle and offer RCM technologies and data access that contribute to the practice’s continued growth and sustainability.

Together at last: Mach7 Technologies and 3D Medical finalize merger

Mach7 Technologies and 3D Medical have announced the finalization of their merger, according to a company press release, resulting in the newly formed company Mach 7 Technologies Limited.

Ohio-Based Radiology Group Enters New Practice Management Partnership with Zotec Partners

 INDIANAPOLIS--(BUSINESS WIRE)--Zotec Partners (Zotec), the industry leader in radiology revenue cycle and practice management services, announces a practice management agreement with Toledo Radiological Associates (TRA), an Ohio-based radiology group with 34 highly specialized board-certified radiologists. In the extended arrangement, TRA will use Zotec’s professional radiology practice management services and onsite assistance, in conjunction with Zotec’s revenue cycle management, for the group’s ongoing success. 

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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