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Top five acquisitions of 2017

por John R. Fischer, Senior Reporter | January 03, 2018
Business Affairs

The acquisition doubles the size of Alpha Source and enables expansion of its geographic scope, with field engineers located in major markets nationwide and services for customers across both companies, primarily in field service, sales, marketing, service parts, distribution and supply chains.

It also expands Alpha’s ultrasound and bone densitometry services to include maintenance, repair and refurbished equipment for CT, MR and molecular imaging modalities.

The deal marks the fifth acquisition for Alpha Source in less than three years and reflects a substantial growth projected for the imaging service provider market, driven by a desire among health care providers for quality and value-based repair and replacement options to better manage costs.

It even got a mention from DOTmed president and founder Phil Jacobus in his weekly blog, The Jacobus Report.

Radiology Partners acquires SDI and Peoria

Radiology Partners introduced its
practice to six states this year
through its acquisitions
Radiology Partners, which more than doubled the number of hospitals and health care organizations it serves, expanded its geographic footprint by six states this year.

Serving almost 200 organizations in seven states in December 2016, the hospital-based practice has built up its clientele to nearly 450 in the last 12 months, spread out across 13 states.

“Garnering more scale allows us more resources, opportunities to make bigger investments and opportunities to continue to innovate from a clinical standpoint,” Rich Whitney, the CEO of RP, told HCB News in September following the acquisition of Southwest Diagnostic Imaging, a move which introduced RP to the Arizona market while providing it with a 25 percent increase in scale to serve over 525 radiologists at 400 sites in more than 10 states.

RP built upon these numbers further in November when it acquired Specialists in Medical Imaging (Peoria), expanding its reach into Illinois while adding on new sites in Texas, New Mexico, Michigan and South Carolina.

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