VC-backed Radiology Partners buys RIMA

Radiology Partners has acquired Southern California-based Renaissance Imaging Medical Associates Inc, a radiology practice and provider of specialized diagnostic imaging services delivered in hospitals and outpatient imaging centers. No financial terms were disclosed. Radiology Partners was backed by New Enterprise Associates and Future Fund. Cain Brothers served as financial adviser to RIMA on the transaction.

PRESS RELEASE

January 8, 2018

Renaissance Imaging Medical Associates, Inc. (“RIMA”), a rapidly growing 99-physician practice in California has partnered with Radiology Partners, Inc. (“RP”), a portfolio company of New Enterprise Associates and Future Fund.

Cain Brothers served as financial advisor to RIMA in connection with the transaction.

Based in Southern California, RIMA is a top-10 radiology practice in the U.S. and provides comprehensive specialized diagnostic imaging services delivered in hospitals and outpatient imaging centers. Using a unique organizational structure, RIMA provides high quality care to patients through an extraordinary team of highly sub-specialized radiologists.

Radiology Partners, a leading onsite radiology practice, is the largest physician-led and physician owned radiology practice in the U.S., serving approximately 500 hospitals and other healthcare facilities across 14 states. Using a proven healthcare services model, Radiology Partners provides consistent, high quality care to patients, while delivering enhanced value to the hospitals, clinics, imaging centers, and referring physicians.