M&A Deal Summary

RadNet Acquires Diagnostic Imaging Group

On October 16, 2015, RadNet acquired healthcare services company Diagnostic Imaging Group from Evercore Capital Partners for 57M USD

Acquisition Highlights
  • This is RadNet’s 4th transaction in the Healthcare Services sector.
  • This is RadNet’s largest (disclosed) transaction.
  • This is RadNet’s 5th transaction in the United States.
  • This is RadNet’s 4th transaction in New York.

M&A Deal Summary

Date 2015-10-16
Target Diagnostic Imaging Group
Sector Healthcare Services
Buyer(s) RadNet
Sellers(s) Evercore Capital Partners
Deal Type Add-on Acquisition
Deal Value 57M USD

Target

Diagnostic Imaging Group

Hicksville, New York, United States
Diagnostic Imaging Group LLC is a provider of outpatient diagnostic imaging centers.

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Buyer(S) 1

Buyer

RadNet

Los Angeles, California, United States

website


Category Company
Founded 1985
Sector Healthcare Services
Employees6,157
Revenue 1.4B USD (2022)
DESCRIPTION

RadNet is a provider of high-quality, cost-effective diagnostic imaging services through a network of 263 fully-owned and operated outpatient imaging centers. RadNet was founded in 1985 and is based in Los Angeles, California.


DEAL STATS #
Overall 5 of 9
Sector (Healthcare Services) 4 of 5
Type (Add-on Acquisition) 5 of 9
State (New York) 4 of 4
Country (United States) 5 of 6
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Lenox Hill Radiology & Medical Associates P.C.

New York, New York, United States

Lenox Hill Radiology & Medical Associates P.C. is an outpatient diagnostic imaging service provider.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 DeepHealth

Cambridge, Massachusetts, United States

DeepHealth, Inc. is a radiology artificial intelligence (“AI”) and machine learning company initially focused on solutions for the medical interpretation of mammography exams. DeepHealth was founded in 2015 and based in Cambridge, Massachusetts.

Buy -

Seller(S) 1

SELLER

Evercore Capital Partners

New York, New York, United States


Category Private Equity Firm
Founded 1996
Size Large
Type Sector Agnostic
DESCRIPTION

Evercore Capital Partners (ECP) is the private equity arm of investment bank Evercore Partners. ECP is part of Evercore's Investment Management division which also consists of Evercore Ventures, Evercore Asset Management, and Protego Asesores, a Mexico focused private equity fund launched jointly with Discovery Capital Partners. ECP seeks investments in middle-market businesses valued greater than $50 million. ECP looks for value situations with post-investment upside, and will consider opportunities in a variety of industries. Evercore was founded in 1996 and is based in New York City.


DEAL STATS #
Overall 8 of 9
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 8 of 9
Year (2015) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-12 EPL Oil & Gas

New Orleans, Louisiana, United States

EPL Oil & Gas, Inc. a Independent oil and natural gas exploration and production company focused on the shallow to moderate depth waters of the Gulf of Mexico Shelf.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 Davis Petroleum

Houston, Texas, United States

Davis Petroleum is an independent Houston-based oil and gas company focused on the acquisition, exploration, and development of domestic oil and gas properties onshore in south Louisiana, the upper Texas Gulf Coast, and East Texas. Davis Petroleum was founded in 2006 and is based in Houston, Texas.

Sell -