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foundationradiologygroup.com

Founded Year

2006

Stage

Acquired | Acquired

Total Raised

$24.1M

About Foundation Radiology Group

Foundation Radiology Group, founded to revolutionize the practice of radiology in community healthcare settings, combines the subspecialty services of a renowned, highly-trained physician team with a state-of-the-art technology solution. Foundation provides hospitals, physicians and patients access to a high-quality, elegant diagnostic imaging solution, with final diagnosis clinically relevant turn-around times.On July 20th, 2021, Foundation Radiology Group was acquired by RAYUS Radiology. Terms of the transaction were not disclosed.

Foundation Radiology Group Headquarter Location

Three Gateway Center, 20th Floor 401 Liberty Avenue, Suite 2000

Pittsburgh, Pennsylvania, 15222,

United States

412-223-2272

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Latest Foundation Radiology Group News

RAYUS Radiology acquires Foundation Radiology Group

Jul 22, 2021

RAYUS Radiology has acquired Foundation Radiology Group, a multi-site company operating in seven states. Equipped with 100 radiologists for on-site and tele-radiology services, Foundation serves more than 45 health systems, community hospitals, academic medical centers and outpatient imaging facilities in Pennsylvania, New York, Ohio, Michigan, Indiana, Kentucky and Virginia. “I look forward to seeing further growth with our hospital partners as a part of RAYUS. Our future is bright as part of the nationwide RAYUS Radiology network,” said Shawn Kramer, chief operating officer of Foundation, in a statement. Ad Statistics Numed, a well established company in business since 1975 provides a wide range of service options including time & material service, PM only contracts, full service contracts, labor only contracts & system relocation. Call 800 96 Numed for more info. Foundation operates under a hybrid model that enables it to provide clinical consults day and night and produce final diagnostic reads 24/7 365 days a year. It tallies annually more than 1.5 million diagnostic reads for physicians and other radiologists seeking support from its team of subspecialty radiologists. The deal is the latest in a series of acquisitions and strategic business decisions carried out by RAYUS Radiology. Earlier this month, it acquired Sand Lake Imaging in Orlando and a majority interest in The Research Radiology Institute. The company was acquired in 2019 by Wellspring Capital Management and also revamped itself this month, changing its name from the Center for Diagnostic Imaging and relaunching as RAYUS Radiology. A subspecialty practice for advanced diagnostic and interventional radiology, RAYUS operates a network of imaging centers, hospital partnerships and short- and long-term hospitals solutions. Its deal with Foundation further expands the number of providers it serves. "We look forward to working closely with our new hospital partners to continue to provide the highest quality of care for patients and add our existing network to the quality resources already available to these key hospital partners,” said RAYUS Radiology chief executive officer Kim Tzoumakas. Financial details for the deal were not disclosed.

  • When was Foundation Radiology Group founded?

    Foundation Radiology Group was founded in 2006.

  • Where is Foundation Radiology Group's headquarters?

    Foundation Radiology Group's headquarters is located at Three Gateway Center, 20th Floor, Pittsburgh.

  • What is Foundation Radiology Group's latest funding round?

    Foundation Radiology Group's latest funding round is Acquired.

  • How much did Foundation Radiology Group raise?

    Foundation Radiology Group raised a total of $24.1M.

  • Who are the investors of Foundation Radiology Group?

    Investors of Foundation Radiology Group include RAYUS Radiology, Chrysalis Ventures, Square 1 Bank, Health Evolution Partners and Emageon.

  • Who are Foundation Radiology Group's competitors?

    Competitors of Foundation Radiology Group include U.S. Renal Care, Critical Signal Technologies, Paradigm, Health Integrated, Pathology and 11 more.

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