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Radiology Partners constrained by high interest expenses, low cash-flow generation: S&P

money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.

UPDATED: The analysis comes in response to a proposed $1.5 billion term loan for RP, due in 2032, along with $800 million in secured notes and a $390 million revolving credit line. 

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Private equity-backed radiology groups expand in 2 markets

Solis Mammography

Solis Mammography is adding a new location in Washington, D.C., while US Radiology Specialists is building two in South Carolina. 

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Report: Medicaid cuts could force hundreds of rural hospitals to close their doors

Photo of a closed hospital

Source

iStock

A report from the Chartis Center for Rural Health warns that many hospitals in rural communities are at risk of closure if Medicaid cuts pass through Congress and are enacted by President Donald Trump. According to the analysis, women and newborns will disproportionately lose access to care. 

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FDA issues Class I recall on GE Carestations due to ventilation issue

Recall

The issue stems from a mode on the ventilation systems malfunctioning. Although no devices need to be removed from care settings, some will require repair.

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FDA issues emergency recall on resuscitation systems due to failure code

the words "FDA recall" on a board

A specific model of AutoPulse resuscitation system manufactured by Zoll is prone to a failure code that could result in inadequate chest compressions being administered to patients. The affected kits must be removed from the supply chain immediately.

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ASNC and AMA push back against AI prior authorization denials

Suman Tandon, MD, FASNC, a cardiac imager at St. Francis Hospital and Heart Center, in Rosyln, New York, and an American Society of Nuclear Cardiology (ASNC) representative to the American Medical Association (AMA) House of Delegates (HOD), explains ASNC's concerns about artificial intelligence being used to automatically deny prior authorizations and prevent patients from accessing care.

Suman Tandon, MD, a representative of the American Society of Nuclear Cardiology, explains her organization's concerns about artificial intelligence being used to automatically deny prior authorizations and prevent patients from accessing care.

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High resolution DBT exams enhance early cancer detection

breast cancer month ribbon

Recent advances in imaging technology have built on the momentum DBT utilization has created for early diagnoses. 

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First 250 patients enrolled in transcatheter heart failure device trial to reduce LV size

Ancora Heart AccuCinch Ventricular Restoration System heart failure FDA

Image courtesy of Ancora Heart.

The first 250 patients has been enrolled in the CORCINCH-HF U.S. pivotal trial evaluating the AccuCinch Transcatheter Left Ventricular Restoration System in patients with HFrEF.

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FDA declares Class I recall on heart surgery procedure kits from Medline

the words "FDA recall" on a board

The news is related to an earlier recall of more than 316,000 Medtronic devices.

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Industry partnership set to advance research on theranostics

partners.jpg

The deal will create a Therapy Command Center to support the study and use of theranostics across Massachusetts General Hospital and its affiliated centers in bordering states. 

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