Teleradiology Company ONRAD Buys Direct Radiology From Royal Philips
Teleradiology company ONRAD Inc. has acquired the teleradiology group Direct Radiology from Royal Philips, creating the largest independent teleradiology provider in the United States.
Phoenix-based ONRAD works with more than 120 hospitals and large health systems, including outpatient clinics, imaging centers and the U.S. government. Its services include traditional teleradiology services, customized full-service onsite radiology solutions and subspecialty interpretations across all modalities.
Founded in 2012, Direct Radiology has approximately 80 radiologists serving more than 430 healthcare facilities nationwide.
With the acquisition of Direct Radiology, which will operate as a wholly owned subsidiary, the company now provides services to over 550 facilities across almost every U.S. state, with more than 160 board-certified radiologists performing more than 7,000 studies per day.
Direct Radiology will continue to build its radiologist team and work on deeper integration of teleradiology services and technology innovation in conjunction with ONRAD. Financial terms of the acquisition were not disclosed.
“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, in a statement. “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.”
“We are proud of what we have built at Direct Radiology and excited about our new partnership with ONRAD,” said Leandra Hutchinson, president of Direct Radiology, in a statement. “Together we look forward to leading the future of teleradiology: driving industry-leading AI and innovation, and increasing access to radiology services, all with the mission of enhancing patient outcomes.”
Direct Radiology will remain intact and operate as a subsidiary of ONRAD. Hutchinson will continue as president and report to Engert.
