Radiology Partners Enters Arizona Through Partnership with Southwest Diagnostic Imaging
Leading Practice Joins RP, the Fastest Growing Radiology Practice in the US
El Segundo, Calif. (September 19, 2017) – Radiology Partners (RP), the largest physician-owned and physician-led radiology practice in the United States, today announced a new partnership with Southwest Diagnostic Imaging (SDI). Arizona-based SDI is among the largest radiology practices in the U.S., with over 120 radiologists serving 15 hospitals and 35 outpatient offices. With the new partnership, Radiology Partners now has more than 525 radiologists serving over 400 sites in 10 states.
“We are proud and excited that SDI has chosen to join our practice,” said Rich Whitney, Chairman and CEO of Radiology Partners. “They have a long history of providing outstanding inpatient and outpatient imaging services to communities throughout the greater Phoenix metropolitan area. Not only is SDI the leading radiology practice in Arizona, they have also established themselves as a leader and an important benchmark for radiology practices nationally. SDI’s emphasis on clinical innovation, dedication to patient care, and their vision for the future of the field aligns with and will help advance RP’s mission to transform radiology.”
SDI was founded in 2004 through the merger of two longstanding Phoenix-area practices: Scottsdale Medical Imaging and Valley Radiologists. In 2014, a third large practice, East Valley Diagnostic Imaging, joined. SDI has a tradition of delivering quality services to their patients, community, and medical professionals for more than 50 years.
“For us to seriously consider a partnership with a larger organization, we had to be convinced it would advance our mission of providing high-quality and value-driven healthcare to our community,” said Dr. Rod Owen, Co-Executive Vice President of SDI. “Radiology Partners shares our commitment to these values and distinguished themselves from other potential partners with their single-specialty focus, investment in clinical innovation, emphasis on physician ownership and inspiring vision for the future of our field.”
“We understand the increasing importance of value-based healthcare reforms and feel that RP is the leader in this arena,” said Dr. James Lyons, Co-Executive Vice President of SDI. “We are excited to partner on these initiatives to bring added benefits to patients, referring physicians, and the hospital systems we serve."
“By joining with Radiology Partners, we’ll have access to additional capabilities and leadership development programs that will support our growth and allow us to help shape the field of radiology nationally for the benefit of the next generation of radiologists,” said Dr. Chris DeWald, Co-Executive Vice President of SDI.
The definitive agreement between Radiology Partners and SDI is subject to usual and customary closing conditions including Hart, Scott, Rodino anti-trust clearance and other regulatory approvals. SDI was advised by Coker Capital Advisors in this transaction.
About Radiology Partners
Radiology Partners, the largest physician-led and physician-owned radiology practice in the U.S., is a multi-state, hospital-based practice serving more than 400 hospitals and other healthcare facilities in markets across Arizona, Georgia, Illinois, Indiana, Iowa, Kentucky, North Carolina, Ohio, Oklahoma, and Texas. We are a physician-led practice whose mission is to transform radiology by innovating across clinical value, service and economics, while elevating the role of radiology and radiologists in healthcare. Using a proven healthcare services model, Radiology Partners provides consistent, high-quality care to patients, while delivering enhanced value to the hospitals, clinics, imaging centers, and referring physicians we serve. Learn more at www.radpartners.com.
About Southwest Diagnostic Imaging
One of the largest practices in the nation, and Arizona’s largest radiology group, Southwest Diagnostic Imaging (SDI) was founded in 2004 through the merger of two longstanding Phoenix-area practices, Scottsdale Medical Imaging and Valley Radiologists. A third large practice, East Valley Diagnostic Imaging, joined in 2014. SDI has the privilege of serving the two largest health systems in Maricopa County, Banner Health and HonorHealth. Known for their dedication to the community and outstanding care, SDI is a recognized leader in both inpatient and outpatient imaging. They are also a founding member of Strategic Radiology, a national coalition of radiology practices.