Scan.com has raised $220 million in combined equity and debt financing to expand its U.S. medical imaging network and invest further in the technology connecting patients, healthcare organizations and imaging providers.
The financing follows a year in which Scan.com doubled revenue and surpassed a $165 million annualized revenue run rate.
The financing consists of a $90 million equity round led by Noteus Partners, with participation from Aviva, Concord Health Partners, YZR Capital, Oxford Capital and others. Scan.com also secured $130 million of debt facilities from VerisFi Capital and Atempo Growth to support M&A and working capital.
Scan.com is targeting the U.S. medical imaging market, which it estimates at more than $100 billion. According to the company, approximately 85% of scans are still booked by phone or fax, while patients can face substantial differences in pricing and availability between nearby imaging centers.
The company’s platform combines search, scheduling and diagnostic results delivery through a national API connected with independent imaging centers’ scheduling systems and electronic medical records.
Digital health companies, employer benefit platforms, third-party administrators, health plans and workers’ compensation systems can connect with Scan.com’s imaging network through the platform rather than building separate integrations with individual providers.
AI is used throughout the system to match referrals with live availability, pricing and radiology subspecialties, automate scheduling and paperwork, and route reports to appropriate radiologists. Scan.com said results are typically returned within 48 hours.
More than 900,000 patients globally have accessed care through Scan.com’s network. The company is already the largest medical imaging network in the U.K. and has operated nationwide in the U.S. since expanding into the market in 2023.
Scan.com plans to use the new financing to expand its U.S. imaging provider network while investing further in its API and agentic AI infrastructure for patient routing, scheduling and diagnostic results delivery.
KEY QUOTES:
“The US runs around 600 million medical imaging scans a year, and there is still no national infrastructure behind them. Labs got that decades ago with Quest Diagnostics and Labcorp. Imaging never did, and that is what we have built.
An employer, a health plan or a digital health app can now connect to imaging capacity nationwide through a single API, and their patients get scanned at a quality-checked center in days rather than weeks, at a price they can see before they schedule. This investment is about making that the standard in US healthcare, rather than the exception.”
Charlie Bullock, Co-Founder and CEO of Scan.com
“We have known Charlie and Oli for many years, and few teams have strengthened our conviction as consistently over time as they have. Their bold vision and relentless execution have brought Scan.com to a point where years of investment in patient experience, provider connectivity and proprietary data are increasingly compounding, building an advantage that only continues to deepen with scale and AI. Modern healthcare systems need to deliver better outcomes and lower costs. We led this round as we see Scan.com uniquely positioned to power that future, having built the network and intelligence layer for diagnostic imaging.”
Nathalie Bruls, General Partner at Noteus
“Scan.com’s ability to improve access to high-quality diagnostic imaging while reducing cost and complexity is directly aligned with Concord’s mission to support companies that improve quality, increase access and reduce the cost of care. We look forward to supporting the Scan.com team as they continue to expand their technology-enabled network and improve how imaging is accessed and delivered across the United States.”
James Olsen, Managing Partner at Concord Health Partners
