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. 

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After lawsuit and lengthy delays, imaging firm finally moves forward with merger deal

The agreement dates to December 2022, when QT Imaging first started discussing a sale to investment firm GigCapital. 

mergers and acquisitions M&A puzzle

Strategic Radiology expands to its 23rd state, adding 48-physician new member practice

Based in the coastal city of Myrtle Beach, S.C., Carolina Radiology Associates is the state’s largest private imaging group. 

Money bankruptcy debt liquidation

Radiology provider Akumin completes bankruptcy process

The Florida-based imaging group has successfully deleveraged from its debts, which totaled some $470 million at the time of the filing in October. 

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Private equity-backed Premier Radiology inks long-term partnership with nation’s largest occupational health provider

The Miami-based teleradiology group will provide support to Concentra’s network of 540 medical centers through 2030. 

Phoenix Arizona

RadNet-Dignity Health joint venture acquires 7 imaging centers from Cigna company

Arizona Diagnostic Radiology is buying the Phoenix-area outpatient locations from Evernorth Care Group, the medical practice division of Cigna HealthCare of Arizona. 

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Radiology provider to close if it can’t find a buyer by end of March

Saltzer Health has faced "significant financial pressures as the rising cost of providing care, driven by inflation, has increased since the pandemic." 

private equity corporatization business consolidation

One of France’s largest independent radiology practices inks partnership with private equity firm

Excellence Imagerie operates four main centers and employs 60 radiologists carrying out 400,000 consultations each year. 

Radiologists were already nearly 99% in-network before the No Surprises Act took effect

The specialty has improved upon its out-of-network rate since 2007, falling from nearly 13% down to 1% as of 2021, experts wrote in JACR. 

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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