The country's largest imaging group spent more than it was collecting in both 2022 and 2023, but the ratings agency believes it may be turning a corner. 

Across the specialty, 15 private equity firms held market shares greater than 30% in their service area, researchers detailed in Health Affairs. 

David Grau served as the Columbus-based company’s chief strategy officer from 2020 to 2023 before recently taking on the newly created COO role. 
 

IRs are inconsistently defined in health research and underrepresented by specialty designation in claims data, experts wrote Monday. 

The radiology group executed 14 acquisitions last year, adding 24 new imaging centers to its network for a total of 355. 

That would leave RP’s current obligations at about $2.4 billion, with debt maturities now extended by several years. 

The M&A deal is with Houston Medical Imaging, which performed over 135,000 procedures last year, producing $28M in revenue. 
 

The country’s largest radiology practice first announced the series of actions, including raising $720 million in new “growth equity,” on Feb. 15.