Radiology Partners
The largest radiology practice in the U.S. providing diagnostic imaging and interventional services.
PE-OWNED
Acquired by KKR2017-07-01
What Made It Great
Consolidating fragmented radiology practices with technology and operational efficiency
What PE Will Likely Do
Radiology Partners will see a reduction in the number of radiologists and staff, leading to longer wait times for patients to get imaging appointments and scans interpreted
The company will likely try to increase revenue through more aggressive coding and billing practices, leading to higher costs for patients and insurers
Essential but less profitable radiology services, such as those in rural or underserved areas, may be cut or reduced
Aging or outdated imaging equipment may not be replaced as quickly, leading to decreased image quality and diagnostic accuracy
Expected Timeline
“0 to 6 months months”
Announcements of 'optimization' efforts and leadership changes
“6 to 12 months months”
Staffing reductions begin, service line reviews commence
“12 to 24 months months”
Appointment wait times start to increase, patient complaints rise
“24 to 36 months months”
Quality issues and service cuts become more widespread, potential for regulatory actions
“36+ months months”
Possibility of financial distress, facility closures, or sale to another operator
Similar Cases
Other companies that followed a similar path after PE acquisition
What You Can Do
Actions
Monitor for any changes in the number of available radiologists, appointment wait times, and imaging equipment quality
Be vigilant for any unexplained increases in medical bills or insurance claims related to Radiology Partners services
Consider seeking alternative radiology providers if quality of care or access to services starts to decline
Alternatives
Community-focused healthcare
Integrated managed care consortium