Outpatient Imaging Affiliates, LLC (OIA), a nationwide owner and operator of 25 outpatient imaging centers in nine states, has announced the acquisition of seven outpatient imaging centers from Diagnostic Health Corporation (DHC). The centers are located in Tennessee, Alabama, and Colorado; terms of the transaction were not disclosed.
The acquisition of these facilities continues a controlled growth strategy undertaken by OIA. That strategy has also resulted in a recent mobile PET/CT center expansion and acquisition in Philadelphia, Pa. through a joint venture with Thomas Jefferson University. OIA also recently announced the development of a new center in Virginia as a part of its University of Virginia Health System joint venture, as well as a new location in North Carolina alongside Raleigh Radiology.
Cannon King, OIA’s executive vice president for development, notes that the new facilities are situated in “good markets” with “excellent opportunities” for growth. “We feel confident that OIA’s resources and years of experience as an owner and operator of quality centers will lead to improved performance from these centers,” he asserts. “Consistent with our philosophy, OIA’s strategic vision for these centers includes their use as a platform for future joint venture or expansion opportunities in their respective markets.”
Frank Kyle, OIA’s chief executive officer, says the acquisition of the DHC centers will, along with other previous and future initiatives, enable the provider to grapple with over-arching challenges faced by radiology providers. “The outpatient imaging industry is entering a new era that will require significant changes to maintain the same level of results,” he explains. “Our industry is faced with a number of challenges but, we believe, equally as many opportunities. Over the long term, our management team remains bullish on the outpatient imaging sector. Our view is that a quality, full-service imaging center is, and will remain, the most cost-effective, productive and customer-friendly setting in which to perform the vast majority of outpatient radiology services.
A key to OIA’s strategy is to remain disciplined and highly selective in identifying attractive markets as well as centers within each market. These centers meet our criteria and our management team is looking forward to welcoming these new facilities into our network of centers.”
Headquartered in Nashville, Tenn., OIA partners with healthcare providers, including academic teaching hospitals, hospital medical centers, and local radiology practices, to develop and deploy strategies designed to recapture market share on behalf of its partners. Among such partners are The University of Virginia Health System, Thomas Jefferson University, The University of Texas Health Science Center, Wake Forest University North Carolina Baptist Medical Center, Meridian Health System, OSF Healthcare and Raleigh Radiology. States in which OIA currently operates outpatient include Alabama, Colorado, Illinois, New Jersey, North Carolina, Pennsylvania, Tennessee, Texas, and Virginia.