Radiology practices, like other physician specialty groups, are picking up their M&A pace, driven partly by increasing demands from hospitals and doctor group clients to provide cheaper outsourced services, according to multiple sector advisers.
There has been “massive consolidation” among radiology groups, with seven of the top 20 radiology practices in the country completing a deal within the last 18 months, according to McNeill Wester, a managing director at investment bank Coker Capital Advisers.
A fragmented market, changing reimbursement models, hospital consolidation, increasing demand for services and coverage by health systems, and advancing technology in areas such as artificial intelligence are all contributing to M&A activity, noted Steven Aguiar, a managing director at investment bank Provident Healthcare Partners.
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Consolidation Among Radiology Services Providers Hitting Fevered Pitch
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