Two independent radiology practices from Minnesota, St. Paul-based St. Paul Radiology (SPR) and Minneapolis-based Suburban Radiologic Consultants (SRC), are merging into a single organization called Midwest Radiology.
The move, which goes into effect on April 1, only impacts the practices’ professional components. Outpatient imaging services at 10 area imaging centers will still be operated under the names St. Paul Radiology and Suburban Imaging.
“While this was a complex decision that took many months of careful analysis, we are confident that this merger is in the long-term interests of both of our organizations and the health systems, referring clinicians and patients we serve,” Michael T. Madison, MD, SPR’s current president and Midwest Radiology’s future president and CEO, said in a prepared statement. “This merger will help strengthen both practices and will enable us to be better equipped to expand and serve our customers in the Midwest region for many years to come.”
“We saw an opportunity to provide an exceptional standard of care for patients while creating a more stable organization that can remain competitive as the health care industry evolves,” Nihar S. Shah, MD, co-president of SRC, said in the same statement. “With more resources, talent, expertise and resources on hand, we can better support the hospitals and physicians we serve and deliver complete and accurate interpretations more efficiently. This helps the physicians we support provide fast, effective care for their patients.”