ONRAD, a leading radiology services company delivering remote teleradiology final-read impressions across all healthcare settings and full-service radiology solutions for hospitals, announced the acquisition of teleradiology group Direct Radiology from Royal Philips, a global leader in health technology. And the resulting unified organization creates the most significant independent teleradiology provider in the United States. The financial terms of the acquisition were not disclosed.
Launched in 2012, Direct Radiology is a Joint Commission-accredited practice with approximately 80 radiologists serving more than 430 healthcare facilities nationwide. And Direct Radiology will operate as a wholly owned subsidiary of ONRAD. It will continue its customer expansion while building its radiologist team and enhancing customer value through deeper integration of teleradiology services and technology innovation in connection with ONRAD.
ONRAD is trusted by 120+ hospitals and large health systems, including outpatient clinics, imaging centers and the U.S. government. Its services include traditional teleradiology services, customized full-service onsite radiology solutions and subspecialty interpretations across all modalities. These offerings are available 24 hours a day, 365 days a year, helping customers address the skyrocketing demand for imaging services while overcoming the growing nationwide shortage of radiologists.
Direct Radiology will remain intact and operate as a subsidiary of ONRAD. And Hutchinson will continue as president and report to Engert.
KEY QUOTES:
“The acquisition of Direct Radiology marks a new milestone for the future of ONRAD’s radiology services with an expanded national footprint. With a shared vision of excellence, our combined organization will address the challenges of finding and attracting top-notch radiologists. The acquisition enables us to expand our capacity through operational efficiencies, deploy industry-leading AI and technologies, and capitalize on cost-effective economies of scale. This acquisition also accelerates our ability to build on the quality, depth, and experience of our world-class, board-certified, and fellowship-trained group of physicians to deliver the highest-quality services and performance in the marketplace — a standard of excellence our mutual customers have come to expect.”
– ONRAD CEO and President David Engert
“We are proud of what we have built at Direct Radiology and excited about our new partnership with ONRAD. Together, we look forward to leading the future of teleradiology: driving industry-leading AI and innovation and increasing access to radiology services, all with the mission of enhancing patient outcomes.”
– Leandra Hutchinson, President, Direct Radiology
