NEWS

MEDNAX Announces First Acquisition of Radiology Practice

Tuesday, Jan 31, 2017

MEDNAX, Inc., today announced the acquisition of Radiology Alliance, PC and Infinity Management, LLC based in Nashville, Tenn.

Founded in 2001, Radiology Alliance, PC is the largest private practice radiology group in Tennessee. Comprised of 64 physicians and 6 clinical support staff, the practice provides diagnostic radiology, interventional radiology, women’s imaging, and nuclear medicine services to nine TriStar Health System hospitals in Middle Tennessee, hospitals in Southern Kentucky, and many other treatment and outpatient imaging centers. Infiniti Management is a comprehensive medical management platform, offering a variety of services and solutions to Radiology Alliance and other radiology practices across the central Tennessee and Kentucky regions.

“I’m proud to be announcing that Radiology Alliance will be the first on-site radiology group to join MEDNAX,” said Roger J. Medel, M.D., Chief Executive Officer of MEDNAX. “We believe the technological capabilities MEDNAX offers through vRad, combined with our own practice-management expertise and physician-centric leadership, make us an extremely valuable partner to radiology practices. I’m excited at the opportunities we have with Radiology Alliance, particularly given this group’s long-standing leadership position in radiology and its partnership with TriStar Health. Together, Radiology Alliance and MEDNAX leadership share a common vision of becoming a recognized national leader in radiology by combining on-site radiology excellence with world-class technology, analytics and telemedicine capabilities.”

Radiology Alliance physicians are all board certified and many have received extensive training in the complex subspecialties of interventional radiology, musculoskeletal radiology, neuroradiology, nuclear medicine, oncology imaging and women's imaging.

“Our partnership with MEDNAX will allow Radiology Alliance to maintain and enhance our strong on site physician footprint with our hospital partners, and also will provide the IT platform and remote technology to expand our coverage in an efficient and highly specialized manner,” said Jason Shipman, M.D., President of Radiology Alliance. “In addition, we look forward to having the size and scale of a national network to grow our presence as a radiology leader in a changing health care environment, and to having access to a robust data analytics platform to ensure success as new payment models are developed.”

This was a cash and equity transaction and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed.

 

Source: businesswire.com

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