The 79-partner practice Columbus Radiology in Columbus, Ohio, announced that it will join the national radiology services provider Radiology Partners (RP), El Segundo, Calif. The move brings 79 radiologists to the organization and marks RP’s largest acquisition to date.
In the press release announcing the deal, RP did not report the total number of radiologists in the group, but the leader of one member practice put the new total at 315. RP launched in 2012 with a reported equity investment of $50 million.
Columbus’s CEO, Charles McRae, said in the same release that the practices uses similar technology and infrastructure and that he expected the group to benefit from RP’s additional information technology and data analytics capabilities.
Practice president Frank Castellano, MD, alluded to RP’s work in management and follow-up of incidental findings as well as access to leadership development in his statement.
“Through our new partnership with Radiology Partners, we’ll have access to additional clinical and administrative capabilities and leadership development programs that will help us continue delivering outstanding clinical value and service locally to our referring physicians and clients,” said Frank Castellano, MD, president of Columbus Radiology.
Ohio, in general, and Columbus, specifically, represents an intensely competitive market. Ohio is the home base for another national radiology services provider Aris Radiology, Hudson, Ohio. The city of Columbus is the headquarters for 89-radiologist practice Riverside Radiology and Interventional Associates, which ranked number 10 on Radiology Business Journal’s list of the 100 largest radiology practices. RRIA was a founding member of the Strategic Radiology consortium.
The agreement between Radiology Partners and Columbus Radiology is subject to closing conditions, including Hart-Scott-Rodino Antitrust clearance.