The company is seeking the court’s approval to use cash on hand to cover operating costs without disrupting patient care or further endangering employees’ jobs.

Volatile markets, economic uncertainty and higher borrowing costs have combined to make it more difficult for PE firms to exit their investments. 

The figure represents Rad Partners’ “most successful recruitment effort in a single year” since its founding in 2012 and reflects the practice’s “tremendous growth.” 

Smart Scan Medical Imaging has sought to attract customers impacted by the news, noting the institutions were seeing 400 patients per month. 

Despite care concerns in recent years, private equity firms like Apollo are continuing to scoop up hospitals across the country.

The private equity-backed provider first launched SimonOne nationwide in summer 2023, capitalizing on increased interest from startup firms and celebrities. 

Radiology advocates said they look forward to working with the six senators, who believe Congress "must make changes" to the flawed system. 

Lawrence Phillips, MD, president of the American Society of Nuclear Cardiology, said that U.S. physicians are growing more and more frustrated by Medicare policies.