Radiology Partners and Nashville-based Advanced Diagnostic Imaging Enter into Partnership
Nine of the Top 30 Largest Practices Now Part of RP
El Segundo, CA (December 18, 2019) – Radiology Partners (RP), the largest radiology practice in the U.S., today announced a new practice partnership with Nashville-based, Advanced Diagnostic Imaging (ADI). With this addition, RP now operates with over 1,500 radiologists across 24 states.
As a premier provider of radiology services to Middle Tennessee, ADI provides imaging services to Ascension, one of the leading non-profit, faith-based healthcare organizations in the nation. ADI has grown beyond the confines of Tennessee and is now comprised of 84 full-time radiologists, representing one of the largest practices in the United States. ADI has a substantial presence in Tennessee, Wisconsin, Florida, Virginia and South Carolina.
“Advanced Diagnostic Imaging is a great addition to RP,” said Rich Whitney, Radiology Partners’ chairman and CEO. “We are impressed by ADI’s commitment to clinical quality and technology investment aimed at reducing costs and improving care. Their leadership team is exemplary, and we look forward to their contributions as part of our growing RP team.”
“RP’s experience with best practice recommendations and proven results will allow us to accelerate the quality of care and level of service we provide to Ascension and other leading health systems,” said Chad Calendine, CEO of ADI. “With the benefits of scale through RP’s national infrastructure, we are excited about what the future holds. We will be better equipped to serve our growing geography with the best technology, clinical advancements and patient-centered care.”
Through Premier Radiology, Advanced Diagnostic Imaging also owns and operates 31 outpatient imaging centers across Tennessee, Florida, South Carolina and Wisconsin, a number of which are in joint venture (JV) partnerships with Ascension. RP and Premier Radiology will manage the JV partnerships and hold a minority ownership interest alongside the ADI physicians and Ascension.
About Radiology Partners
Radiology Partners is the largest physician-led and physician-owned radiology practice in the U.S., serving approximately 1,200 hospitals and other healthcare facilities across the nation. As a physician-led practice, our 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.
SVB Leerink acted as exclusive financial advisor to ADI, with Bass, Berry, & Sims PLC serving as legal counsel.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo served as legal counsel to RP.
About Advanced Diagnostic Imaging (ADI)
As a premier provider of radiology services to Middle Tennessee and the surrounding area, Advanced Diagnostic Imaging is setting a new standard for imaging excellence. Founded in 1966, ADI is comprised of 84 board-certified and subspecialty trained radiologists who, together, interpret more than 1,700,000 exams a year. In addition to maintaining hospital-based and teleradiology practices, ADI offers the region’s largest network of outpatient imaging centers, operating as Premier Radiology, which provide patients and referring physicians with an unparalleled level of service. ADI is a founding member of The Advisory Board’s Physician Roundtable and a leader in the use of technology to reduce costs and improve care.