Beset with Problems, Radiology Provider Akumin Forms Special Committee to Evaluate Strained Capital Structure

Radiology and oncology services provider Akumin has been beset with problems in 2023 and has formed a special committee to explore ways to address its strained capital structure.

Radiology revenues plummeted $4.6 million in 2023’s second quarter due to delays in mobile equipment delivery, along with the ongoing closure of a key imaging center in Port Charlotte, Florida. The latter sustained significant damage from a hurricane earlier this year, and Akumin has faced challenges in securing necessary approvals, Radiology Business reports. Read more

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