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. 

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. 

Salt Lake City Utah

Private equity-backed Solis Mammography inks ‘groundbreaking’ partnership with HCA Healthcare

MountainStar is teaming with the Addison, Texas-based women's imaging group to fine-tune its radiology strategy across Utah.  

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Private equity-backed DirectMed selling off part of imaging firm months after acquiring it

The company recently made the “strategic decision” to exit equipment servicing and focus on its core business of parts, system sales and training. 

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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