RAYUS Radiology (Wellspring-backed) Acquires Diagnostic Centers of America

RAYUS Radiology (Wellspring-backed) Acquires Foundation Radiology Group

July 20, 2021

Healthcare Services

Wellspring Capital-backed RAYUS Radiology has acquired Foundation Radiology Group, a Pittsburgh-based radiology practice with more than 100 radiologists providing on-site and teleradiology services to 45+ hospitals across seven states. The deal expands RAYUS's national network of subspecialized radiologists and hospital partnerships, increasing its diagnostic-read capacity and geographic footprint in the Midwest and Mid-Atlantic.

RAYUS Radiology Acquires Sand Lake Imaging and Majority Interest in The Radiology Research Institute

July 7, 2021

Healthcare Services

RAYUS Radiology, a Wellspring Capital Management-backed national radiology platform, acquired three Sand Lake Imaging centers in Orlando, Florida and a majority interest in The Radiology Research Institute, a joint venture with Dr. Stephen Bravo. The deals expand RAYUS's Central Florida footprint, add eight subspecialty radiologists to its network and strengthen its clinical-trial imaging and research capabilities.

Wellspring Capital Management Acquires Center for Diagnostic Imaging

March 15, 2019

Healthcare Services

Wellspring Capital Management, a New York-based private equity firm, has closed the acquisition of Center for Diagnostic Imaging (CDI), a Minneapolis-headquartered provider of outpatient diagnostic imaging and interventional radiology services. Wellspring said it will partner with CDI's management to support growth initiatives, operating improvements and potential add-on acquisitions to expand CDI's national network and capabilities.

US Radiology Specialists Acquires ImageSouth

December 10, 2020

Healthcare Services

US Radiology Specialists, a physician-owned national radiology group headquartered in Raleigh, North Carolina, has acquired ImageSouth, the largest outpatient imaging provider in Birmingham, Alabama. The acquisition adds five ACR-accredited outpatient imaging centers to US Radiology's network and expands its presence in the Southeast as it builds a national outpatient imaging services platform.

Solis Mammography Acquires Women's Center for Radiology

January 13, 2026

Healthcare Services

Solis Mammography, the nation’s largest independent provider of specialized breast health services, has acquired Women's Center for Radiology, adding two centers in Orlando and marking Solis’s entry into the Orlando market. The deal expands Solis’s Florida footprint and grows its national network of breast imaging centers.

Canada Diagnostic Centres Acquires Guardian Radiology and The Ultrasound Centre

February 14, 2023

Healthcare Services

Canada Diagnostic Centres (CDC), a Novacap-backed medical imaging platform, acquired Guardian Radiology and The Ultrasound Centre to expand its footprint in Saskatchewan and reinforce its presence in Alberta and British Columbia. The transactions are add-on acquisitions to CDC’s national expansion strategy, increasing access to diagnostic imaging services across Western Canada.