Paratus Healthcare Partners Serves As The Exclusive Provider To Mountain Radiology, P.C., On Its Partnership With Radiology Partners

Chicago, IL – September 15, 2020 – Paratus Healthcare Partners, LLC, a specialty transaction advisory firm, is pleased to announce its successful representation of Mountain Radiology, P.C., on its recent partnership with Radiology Partners. 

Mountain Radiology has serviced the western slope of Colorado for more than 40 years, providing high-quality radiology services to the communities of Aspen, Carbondale, Glenwood Springs, Meeker, and Rifle, Colorado through its contractual relationships with Valley View Hospital, Grand River Hospital, and Pioneers Hospital. The practice also provides interpretive services to its outpatient imaging clients in Texas.

On joining RP, Dr. Jason DiCarlo, President of Mountain Radiology, stated, “We chose to partner with Radiology Partners because we recognized the importance and value that scale brings to Mountain Radiology – particularly in the wake of COVID-19.  As radiology groups across the nation all continue to work hard to rebound from the impacts of COVID, we saw immediate and long-term benefits to aligning with the largest radiology practice in the country, and their singular focus on radiology, powered by their investments in clinical innovation, as an opportunity to equip our practice to better serve our patients, hospitals, and referring physicians going forward.”

On partnering with Paratus, Dr. William Weathers, a Mountain Radiology shareholder, continued, “When we began this process with Paratus, we could never have imagined that we would be doing so in the face of a global pandemic. Without the expertise and experience that Francis and Scott provided, we simply would not have been able to achieve this opportunity at this time. The value and guidance Paratus brought to the table on this effort consistently exceeded our expectations in every aspect.”

Scott Seberg, Co-Founder of Paratus Healthcare Partners added, “It was a true pleasure to work with the physician shareholders of Mountain Radiology and be able to support them in every phase of what can already be a complex decision-making process, during one of the most challenging and rapidly-evolving business climates we have ever experienced.  For us, each deal is unique, but the reward of helping our clients achieve their desired outcome is always our greatest takeaway, especially this year.”

For more information about Paratus Healthcare Partners please visit us at www.paratushealthcarepartners.com

About Paratus Healthcare Partners:

Francis J. Curry and Scott S. Seberg are the founding principals of Paratus Healthcare Partners. Collectively, Messrs. Curry and Seberg have advised more than twenty-one (21) unique radiology organizations – both from the Buyer and Seller perspective – encompassing more than $1.5 billion in realized value. Specific to its representation and advisement of radiology practices choosing to align with a national provider, Paratus has successfully concluded seven (7) partnerships since 2018, making us one of the most active advisory firms in Radiology.

As a firm, Paratus focuses on advising physician practices with regard to matters of strategic planning, including the exploration of merger and acquisition opportunities, as well as avenues for access to capital including both debt and equity markets.

The principals of Paratus demonstrate extensive “real-world” experience working in C-Suite roles across multiple hospitals and private practice settings, making us one of the only advisory firms who truly understand the challenges facing healthcare providers, giving us a truly unique perspective. 

Paratus operates business offices in both Austin, Texas, and Chicago, IL.

Paratus Healthcare Partners Serves as the Exclusive Financial Advisor to Gulf Imaging Associates, P.A.

Paratus Healthcare Partners, LLC, is pleased to have served as the exclusive financial advisor to Gulf Imaging Associates, P.A. on the acquisition of their medical practice and affiliated imaging center, Scarsdale Imaging, to Radiology Partners. The transaction was led by Scott Seberg, Principal and Co-Founder of Paratus.

Gulf Imaging Associates (GIA) located in Houston, TX, and has long served as the exclusive diagnostic and interventional radiology services provider to Bayshore Medical Center and other medical facilities in the south metro Houston market.

On joining RP, Dr. Gerhard Wittich, President of GIA, stated, “We chose Radiology Partners because we recognize them as the largest radiology group in the city of Houston, and we connected with their mission of transforming the field of radiology.  They (RP) have a strong corporate connection to HCA, and their single-specialty focus on radiology, powered by their investments in clinical innovation will further equip us to better serve our patients and referring physicians.”

On partnering with Paratus as their exclusive financial advisor, Dr. Wittich continued, “We simply would not have been able to recognize the value and opportunity to align with a national organization such as RP without the continued guidance, support, and expertise of Paratus.”

Scott Seberg, Co-Founder of Paratus Healthcare Partners added, “It was a true pleasure to have worked with the physician shareholders of GIA and be able to advise them in every phase of the complex decision-making process associated with choosing to align with a national practice. For us, each deal is unique, but the reward of helping our clients achieve their desired outcome is always the same.”

About Radiology Partners:

Radiology Partners is a leading onsite radiology practice and is the largest physician-led and physician owned radiology practice in the US with over 1100 radiologists serving nearly 720 hospitals and other healthcare facilities across the nation. As a physician-led practice, their mission is to transform radiology by innovating across clinical value, service, and economics, while elevating the role of radiology and the radiologists in healthcare. 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 they serve. Learn more at radpartners.com.

About Paratus Healthcare Partners, LLC:

Paratus Healthcare Partners, LLC is a mid-size financial advisory services firm with offices in Illinois and Texas who specialize in radiology practice valuations, M&A guidance, and operational and strategic planning services. With over 50 combined years of direct radiology experience, the principals of Paratus are uniquely positioned to help practice leaders navigate today’s rapidly evolving marketplace and best position themselves for long-term success. Lean more at paratushealthcarepartners.com.

Print/share: Paratus Release – GIA

Radiology Partners

Radiology Partners Expands Texas Presence Through Partnership with West Houston Radiology

Radiology Partners

El Segundo, CA (July 10, 2018)Radiology Partners (RP), the largest physician-led and physician-owned radiology practice in the U.S., today announced a new practice partnership with West Houston Radiology. This partnership builds upon RP’s leading position in Houston and in the state of Texas. RP now serves more than 630 hospitals, clinics and imaging centers nationwide.

One of the larger practices in Texas, West Houston Radiology’s approximately 50 physicians serve HCA Gulf Coast, as well as other hospitals and outpatient imaging facilities within the state. The practice is a leading player in the Greater Houston radiology community, as well as the Gulf Coast of Texas.

“We are thrilled to partner with the physicians of West Houston. They have a reputation among their clients for exceptional service and quality,” said Rich Whitney, Radiology Partners’ chairman and CEO. “We look forward to collaborating to further raise the bar in terms of the clinical value offered to clients, patients and payers in their markets and beyond.”

“We are excited to partner with a practice that has such a deep alignment with our mission to provide exceptional healthcare,” said Craig Thiessen, practice leader of West Houston Radiology. “In addition to Radiology Partners’ commitment to clinical innovation, its strong and growing presence in Houston and existing relationship with HCA made our partnership with them an ideal fit for our practice. And even more importantly, this is going to be a great fit for the patients and referring physicians who trust and rely upon us.”

The new West Houston Radiology partnership adds to the already robust growth momentum RP has experienced in the past nine months alone, having recently partnered with the largest radiology practices in Arizona, California, Florida and Louisiana. It also builds upon a leading position in Texas, where RP now serves leading health systems such as HCA Gulf Coast, Memorial Hermann Health System, CHI St. Luke’s Health, Baylor College of Medicine and Baylor, Scott & White Health.

WHRA was advised exclusively by Paratus Partners led by Scott Seberg.

About Radiology Partners

Radiology Partners is the largest physician-led and physician-owned radiology practice in the U.S., serving more than 630 hospitals and other healthcare facilities across the nation. As a physician-led practice, our mission is to transform radiology by innovating across clinical value, service, and economics, while elevating the role of radiology and radiologists in healthcare. 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 we serve. Learn more at www.radpartners.com.

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MEDIA CONTACT:

Catherine Willis, ReviveHealth
cw@thinkrevivehealth.com
615-760-4536

Print/Share: WHRA_RP Press Release 072018 v1.1

Paratus Partners acted as the Exclusive Financial Advisor to Elk Grove Radiology’s Partnership with Envision Healthcare

Chicago, IL (March 1, 2018) – Paratus Partners announces the completion of its Exclusive Financial Advisory engagement with Elk Grove Radiology resulting in the consummation of a Partnership with Envision Healthcare.  Terms of the transaction were not disclosed.

Elk Grove Radiology is led by Michael Racenstein, MD, who stated that Paratus was an invaluable partner during the acquisition process of our practice. They are unrivaled in their skill set and have a team of people that will help you through your experience and make it understandable and easy. Their fee schedule is fair and they are always available to answer any questions that may arise morning, noon or night.

Paratus Partners has offices in Chicago, Illinois and Austin, Texas.