Growing imaging group US Radiology Specialists is taking on $450 million in debt to fuel two practice acquisitions, the largest in its four-year history, Radiology Business reports.
The new partners include South Jersey Radiology Associates (SJRA), in Voorhees, and Hainesport, New Jersey-based Larchmont Imaging Associates, altogether comprising 65 physicians and 17 centers.
The acquisitions balloon private equity-backed US Radiology Specialists’ roster to more than 350 rads spanning 180 outpatient centers in 15 states and 8 million studies read annually. Leaders said last year that the group plans to continue down its path of rapid growth, hoping to nearly triple revenue, up to $2.7 billion in the next five years. Read more.
