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. 

Telix Pharmaceuticals

Imaging agent developer Telix to buy RLS radiopharmaceutical network for up to $250M

RLS operates America’s only Joint Commission-accredited radiopharmacy network, with 31 locations covering over 85% of the U.S. population. 

Merit Medical Systems Fred P. Lampropoulos

Interventional radiology vendor Merit Medical to acquire device portfolio for $210M

Cook Medical’s lead management portfolio generated about $37 million in revenue in 2023, with most sales in the U.S., Utah-based Merit noted. 

Samsung

Samsung finalizes $92M acquisition of French ultrasound AI firm Sonio

Founded in 2020, the acquired firm offers products to aid physicians in assessing and documenting OB/GYN scans, such as prenatal ultrasounds.

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. 

Around the web

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The ACR hopes these changes, including the addition of diagnostic performance feedback, will help reduce the number of patients with incidental nodules lost to follow-up each year.