Envision Healthcare Corporation has reached a definitive agreement to acquire Imaging Advantage, in a transaction that will expand Envision’s presence in radiology physician services across the United States.
Imaging Advantage offers radiology services with cloud-based technology that aims to improve provider utilization and efficiency.
“We believe the merger with Envision creates a valuable, integrated platform for radiologists and leverages our innovative radiology care model,” said Naseer Hashim, founder and CEO of Imaging Advantage, in a statement. “We recognize the strategic value of being part of a company with Envision’s multi-specialty service offering, as well as the value a sole source solution brings to hospitals.”
When the transaction is complete, Envision’s Physician Services segment will have more than 800 board-certified/board-eligible radiologists serving more than 500 healthcare facilities annually.
“We are excited about our ability to attract leading radiology provider groups such as Imaging Advantage to our integrated physician services offering,” said Robert J Coward, president of Envision’s Physician Services. “Radiology groups remain largely fragmented and there is increasing strategic value in integrating this specialty with our emergency medicine, hospital medicine, anesthesia dn women’s and children’s specialties and subspecialties to create an increasingly compelling offering to health systems who are focusing on care coordination and outcomes.”
The transaction is expected to be completed during the second quarter of 2017.