News | Radiology Business | September 10, 2020

Radiology Partners Set to Acquire MEDNAX Radiology Solutions

Acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale and further elevate the role of radiologists within the healthcare field

Acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale and further elevate the role of radiologists within the healthcare field

Getty Images

September 10, 2020 — Radiology Partners (RP), a leading radiology practice in the U.S., announced a definitive agreement to acquire MEDNAX Radiology Solutions, a division of MEDNAX, Inc. in a transaction with an enterprise value of approximately $885 million. The combination of RP and MEDNAX Radiology Solutions brings together two of the top radiology leaders and teams in the U.S. The boards of directors for both organizations unanimously approved the transaction.

“This is a milestone day. The MEDNAX radiology practices are among the best in the country, and we are excited to welcome so many outstanding radiologists and physician leaders to our practice,” said Rich Whitney, Chief Executive Officer, Radiology Partners. “We believe the benefits of increased scale, paired with local practice autonomy and physician leadership, will allow us to continue to advance patient care, improve clinical value and ultimately transform radiology. The addition of these leading practices, as well as the nation’s premier tech-enabled teleradiology platform, represents an amazing opportunity to accelerate our progress on this important mission.”

When finalized, the acquisition is expected to add more than 800 radiologists to RP’s existing practice of 1,600 radiologists. MEDNAX Radiology Solutions consists of more than 300 onsite radiologists, who primarily serve patients in Connecticut, Florida, Nevada, Tennessee and Texas, and more than 500 teleradiologists, who serve patients in all 50 states. MEDNAX Radiology Solutions physicians interpret 11.8 million exams annually, guiding the care of millions of individual patients.

“Radiology Partners has distinguished itself within the radiology community as a mission-driven practice committed to clinical innovation, outstanding service delivery, physician leadership development and local practice decision-making, all of which aligns with the values of our radiologists,” said Ricardo C. Cury, M.D., FACR, Chief Medical Officer of MEDNAX Radiology Solutions. “Combining our expertise, experience and infrastructure will enable us to create new pathways for innovation that we can bring to our patients and our clients. I could not be more excited about the new home for our physicians and staff.”

The combination will enable greater capabilities for large-scale clinical programs driving value-creation and cost reduction across the healthcare system, subspecialty offerings for patients and clients in the regions served, and increased opportunities to develop and elevate radiologist leaders to advance RP’s mission and improve patient care. The transaction between RP and MEDNAX Radiology Solutions is subject to regulatory approval and customary closing conditions.

For more information: www.radpartners.com

Related content:

Mednax Announces Intent to Sell its Radiology Solutions

VIDEO: AI That Second Reads Radiology Reports and Deals With Incidental Findings

Related Content

News | Artificial Intelligence | September 16, 2020
September 16, 2020 — Konica Minolta Healthcare Americas, Inc.
HABLE study prioritizes brain imaging and biomarker research among Mexican Americans.

Getty Images

News | PET Imaging | September 14, 2020
September 14, 2020 — To meet the pressing need to better understand the prevalence, progression, and clinical impact
Change Healthcare announced innovative new artificial intelligence (AI) models, trained by expert physicians, which extract meaningful diagnostic information from text in EHRs. The first application of this technology will be within the InterQual AutoReview solution, which automates medical necessity reviews using real-time data from EHRs.
News | Artificial Intelligence | September 14, 2020
September 14, 2020 — Change Healthcare announced innovative new...
 A cardiac MRI is effective in identifying inflammation of the heart muscle in athletes and can help determine when those who have recovered from COVID-19 can safely return to play in competitive sports, according to a new study by researchers at The Ohio State University Wexner Medical Center.

Getty Images

News | Cardiac Imaging | September 14, 2020
September 14, 2020 — A...
All intensive care unit equipment, including ventilators, pumps, and monitoring devices, as well as the point-of-care magnetic resonance image operator and bedside nurse, remained in the room. All equipment was operational during scanning.

All intensive care unit equipment, including ventilators, pumps, and monitoring devices, as well as the point-of-care magnetic resonance image operator and bedside nurse, remained in the room. All equipment was operational during scanning. Image courtesy of JAMA Neurology

News | Magnetic Resonance Imaging (MRI) | September 11, 2020
September 11, 2020 — A portable, low-field...
The National Imaging Informatics Course-Radiology (NIIC-RAD) Term 1 will be held online September 28 - October 2, 2020. NIIC-RAD is made possible through a partnership between the Radiological Society of North America (RSNA) and the Society for Imaging Informatics in Medicine (SIIM)

Getty Images

News | Radiology Education | September 11, 2020
September 11, 2020 — The...
Through computed tomography (CT) imaging, WVU geologist James Lamsdell led a team that found evidence of air breathing in a 340 million-year-old sea scorpion, or eurypterid. This is one of the scans of the specimen

Through computed tomography (CT) imaging, WVU geologist James Lamsdell led a team that found evidence of air breathing in a 340 million-year-old sea scorpion, or eurypterid. This is one of the scans of the specimen. Image courtesy of James Lamsdell

News | Computed Tomography (CT) | September 11, 2020
September 11, 2020 — Scientists have long debated the respiratory workings of sea scorpions, but a new discovery by a