What You Should Know:
– ONRAD Inc., a provider of teleradiology and comprehensive radiology solutions, announced the acquisition of Direct Radiology from Royal Philips. Financial terms of the acquisition were not disclosed.
– Direct Radiology, founded in 2012, is a Joint Commission-accredited practice with a network of approximately 80 radiologists serving over 430 healthcare facilities across the US. By integrating Direct Radiology’s extensive network and expertise, ONRAD expands its reach and enhances its service offerings.
Expanding Access to Radiology Services
This acquisition comes at a crucial time when the demand for imaging services is skyrocketing, while the nation faces a growing shortage of radiologists. ONRAD and Direct Radiology are both committed to addressing this challenge by providing timely and high-quality radiology interpretations to healthcare facilities across various settings.
Enhanced Services and Continued Growth
Direct Radiology will operate as a wholly owned subsidiary of ONRAD, maintaining its existing brand and leadership. This structure allows Direct Radiology to continue its customer expansion efforts while leveraging ONRAD’s resources and technology to enhance customer value.
ONRAD, trusted by over 120 hospitals and large health systems, offers a wide range of services, including:
- Traditional teleradiology services: Providing final-read interpretations across all modalities, 24/7.
- Customized full-service onsite radiology solutions: Tailored to meet the specific needs of hospitals and health systems.
- Subspecialty interpretations: Offering expertise across various radiology subspecialties.
Leandra Hutchinson, President, Direct Radiology will continue as president and report to ONRAD CEO and President David Engert.
“The acquisition of Direct Radiology marks a new milestone for the future of ONRAD’s radiology services with an expanded national footprint,” said ONRAD CEO and President David Engert. “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.”
