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. 

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. 

January 24, 2024

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." 

January 24, 2024
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. 

January 23, 2024

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. 

January 19, 2024
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.  

January 18, 2024

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. 

January 12, 2024
cross market hospital mergers

Signs that a radiology practice merger is (or isn’t) working

Harbingers of an unsuccessful M&A deal can include decreased productivity and work quality, along with squabbling between coworkers or frequent sick days. 

January 10, 2024
artificial intelligence AI money brain dollar

GE HealthCare to acquire Cleveland-based provider of AI imaging-analysis software

MIM Software offers 40-plus solutions, used by over 3,000 institutions worldwide, and has more than 350 employees, also working in China and Belgium. 

January 9, 2024

Around the web

"This was an unneeded burden, which was solely adding to the administrative hassles of medicine," said American Society of Nuclear Cardiology President Larry Phillips.

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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