An East Coast private practice striving to become the “Amazon” of the specialty has inked a partnership with private equity-backed Rayus Radiology, reports Radiology Business.
Meriden, Connecticut-based Midstate Radiology Associates is acquiring majority ownership in two imaging centers, both in the town of Hamden. Before the sale, the locations were jointly owned by New Haven Radiology Associates and Rayus, but the former is vacating its position while the latter retains minority ownership.
Adding the “Whitney Imaging” centers balloons Midstate Radiology Associates’ location count to 24 across Connecticut, including three vein centers, employing 45 radiologists. MRA will manage the facilities on behalf of Rayus Radiology, handling billing and operations, said Chief Operating Officer Tom Cappas, MBA. This is his company’s second acquisition in the past year, also adding Radiology Group PC. Read more.
