HealthCare Appraisers has recently observed interest from a wide range of clients on various radiology transactions, including joint venture formation, hospital outpatient department (“HOPD”) conversions, practice and independent diagnostic testing facility (“IDTF”) acquisitions by health systems and other strategic acquirers, and hospital-based radiology services arrangements, among others.
Diagnostic imaging centers, along with many other healthcare providers and operators, experienced strong utilization throughout 2023, and some of the largest operators in the space expect this trend to continue. For example, RadNet, Inc. (“RadNet”) reported significant backlogs on its recent earnings calls with investors and currently has 12 de novo centers under construction.
This article discusses the major trends impacting the imaging industry, including the shift from hospital departments to IDTFs, the regulatory and reimbursement landscape, the use of artificial intelligence and machine learning within the industry, the consolidation of radiology practices, and valuations within the industry.
Learn more about this topic by Daniel I. Levin, CFA, ASA, and Nicholas J. Janiga, ASA, as seen on healthcare appraisers.com.
Read the complete article here.
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Disclaimer: The views, opinions or examples included in the linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.