RadNet Acquires 7 Imaging Centers from Houston Medical Imaging

RadNet Acquires 7 Imaging Centers from Houston Medical Imaging

RadNet, Inc. announced that it has acquired seven imaging centers in the Houston, Texas MSA from Houston Medical Imaging (HMI). This acquisition marks RadNet’s entry into the Houston area and is anticipated to close during Q2 2024.  HMI is a radiologist-owned and operated diagnostic imaging clinic offering a full array of diagnostic and therapeutic imaging services to the Houston MSA since its inception in 1998.  RadNet, Inc. is a provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. RadNet has a network of 366 owned and/or operated outpatient imaging centers.... Read More »
Oncology Powerhouse Guardant Health Sees Stock Drop on Earnings Report

Oncology Powerhouse Guardant Health Sees Stock Drop on Earnings Report

Guardant Health, a precision oncology company focused on helping conquer cancer globally, came out with its fourth quarter and full year 2023 results late last week. The Palo Alto, California-based company has topped consensus revenue estimates four times over the last four quarters. The company announced a 25% surge in revenue last year, from about $450 million in FY 2022 to $564 million in FY 2023. Its fourth-quarter revenues rose 22% year over year, driven by a 29% boost in clinical test volume during the same period. Notably, the company’s core liquid biopsy and tissue tests, Guardant360 and Guardant TissueNext, have solidified its presence across nearly all major insurers in the... Read More »
Premier Radiology Services Acquires NationalRad

Premier Radiology Services Acquires NationalRad

Premier Radiology Services announced that it is acquiring Specialists in Diagnostic Imaging, LLC, doing business as NationalRad, a leading provider of subspecialty teleradiology services. Financial terms of the transaction were not disclosed.  Founded in 1999, NationalRad provides diagnostic services for outpatient imaging centers, orthopedic practices, university healthcare systems and professional sports teams.  Founded in 2006, Premier Radiology Services is one of the top independent teleradiology solutions in the United States. Premier provides reliable and accurate interpretations of medical images to patients in 48 states through its technology-enabled platform. With a... Read More »
HealthEdge Investment Partners, LLC invests in Rad Source, LLC 

HealthEdge Investment Partners, LLC invests in Rad Source, LLC 

HealthEdge Investment Partners, LLC announced that it has made a majority investment into Rad Source, LLC for an undisclosed price.  Rad Source was founded in 1997 for the purpose of creating non-gamma irradiation alternatives. Rad Source is one of the nation’s largest providers of subspecialty orthopedic and neurological MRI interpretations. It is also a provider of a leading medical imaging technology solution, ProtonPACS, which it launched in 2012 through a partnership with Intelerad.  HealthEdge Investment Partners is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. The company is based in Tampa,... Read More »
Karl Storz Acquires U.K.-Based AI Software Company Innersight Labs

Karl Storz Acquires U.K.-Based AI Software Company Innersight Labs

Karl Storz announced on January 10 the acquisition of Innersight Labs, headquartered in London.  Innersight Labs is a British company founded in 2015. The company developed Innersight3D, a software-only product that allows surgeons to create a patient-specific 3D model from a medical CT or MRI scan. ISL labels the received scans according to different tissue types and creates an interactive 3D model that can be accessed and interacted with via a web link sent to the physician.  Karl Storz is a German medical device company that manufactures and sells endoscopes and surgical instruments. It was founded in Tuttlingen, Germany by Dr. Karl Storz in 1945. The company is privately... Read More »
4DMedical Merges with Imbio 

4DMedical Merges with Imbio 

4DMedical Limited announced the creation of a comprehensive cardiothoracic image analysis portfolio with the acquisition of Imbio.  Imbio is a leader in artificial intelligence medical imaging solutions for chronic lung and cardiothoracic diseases. Imbio’s regulatory cleared solutions transform the way patients are discovered, diagnosed and treated. It was a portfolio company of Invenshure, a biotechnology organization based in Minneapolis, Minnesota.  4DMedical Limited is a global medical technology company that has created a step change in the capacity to understand the lung function of patients with respiratory diseases. Through its flagship patented XV Technology®,... Read More »