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. 

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Radiology practice seeks to dismiss disgruntled doc’s lawsuit over $20M private equity deal

Gregory R. Ball, MD, filed the complaint against Southtowns Radiology Associates in February, and the practice is now asking a judge to reject his allegations. 

mergers and acquisitions M&A partnerships

Ascension buys ambulatory surgery centers in deal reportedly worth $3.9B

Nonprofit Ascension Health announced its purchase of Amsurg, adding 250 outpatient surgery centers to its expanding portfolio. The Catholic-based hospital group said the move will allow it to focus more on community-based care by keeping more patient referrals in-house.

Bristol Myers Squibb

Bristol Myers Squibb will pay $350M-plus to add prostate cancer imaging agent

Subsidiary RayzeBio has inked a definitive deal to license the worldwide rights for the drug from Philochem, a Swiss biotechnology firm. 

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RadNet scores $100M loan to fuel future acquisitions

The Los Angeles-based radiology services provider's new term loan is slated to mature on April 18, 2031, coinciding with the $868.4 million balance on its existing credit line. 
 

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American Medical Association cautions radiology groups considering corporate investments

This new guidance emphasizes that clinical and operational decisions must “remain in the ultimate control” of radiologists or other clinicians, the AMA said Monday.  

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RadNet enters ultrasound AI, acquiring imaging vendor See-Mode Technologies

Founded in 2017, the Melbourne, Australia-based company offers software that analyzes breast and thyroid images, “producing fast and accurate radiology reports.” 

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Private equity firm mulls taking radiology group public via IPO after ‘failed’ sale

London-based private equity firm Permira has been trying to sell I-MED Radiology for months, but recently ran into a snag with potential buyer Stonepeak. 

Private equity-backed Capitol Imaging expands to new state, acquiring 9 outpatient centers

The Louisiana-based radiology group is buying Outpatient Imaging for an undisclosed sum, adding locations across greater Atlanta.