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.

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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