ONRAD Acquires Direct Radiology from Royal Philips

January 8, 2025

ONRAD Inc., a teleradiology services provider backed by Housatonic Partners, has acquired Direct Radiology from Royal Philips. The deal combines Direct Radiology's ~80 radiologists and 430+ facility relationships with ONRAD's existing platform to create the largest independent teleradiology provider in the United States; Direct Radiology will operate as a wholly owned subsidiary of ONRAD.

Buyers
ONRAD Inc., Housatonic Partners
Targets
Direct Radiology
Sellers
Royal Philips
Platforms
ONRAD Inc.
Location
Washington, United States
Transaction Type
Addon

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