Outpatient Imaging Affiliates News

Outpatient Imaging Affiliates Continues Expansion with Pennsylvania Acquisition, North Carolina Development

OUTPATIENT IMAGING AFFILIATES CONTINUES EXPANSION WITH PENNSYLVANIA ACQUISTION, NORTH CAROLINA DEVELOPMENT

Nashville, TN – Outpatient Imaging Affiliates (“OIA”) announced today the continuance of its strategic expansion plans with the acquisition of an outpatient imaging center in Exton, Pennsylvania and the opening of a new location in Brier Creek, North Carolina. The Pennsylvania acquisition is the fifth location of OIA’s Jefferson University Radiology Associates venture (“JURA” d/b/a – Jefferson Outpatient Imaging) in Philadelphia. Formed in 2002, JURA is a joint venture between OIA, Thomas Jefferson University Hospital and the Jefferson University Radiology Practice. OIA, which provides management, billing and collection services for all JURA centers, identified the acquisition opportunity and negotiated the transaction on behalf of the joint venture.

Frank Kyle, President and CEO at OIA, explains how this acquisition serves as a model that other health systems should consider following: “After a decade of deteriorating marketshare, hospitals are now well positioned to recapture the outpatient diagnostic radiology market from struggling competitors. Many health systems are aware of these types of opportunities in their own markets, but they are so overwhelmed with competing priorities that it is difficult to act on them. OIA can help identify centers, value them, and manage them once they are acquired.”

In North Carolina, OIA opened its newest outpatient imaging center location in Brier Creek, a suburb of Raleigh. This location is OIA’s fourth center in the Raleigh area with other locations operating in Wake Forest, Clayton and in Raleigh. Commenting on the ventures, Kyle says “One of OIA’s strengths is the ability to identify markets in which our partners should look to expand. Sometimes that expansion comes in the form of new development and sometimes through acquisition. In either case, OIA takes responsibility for business planning the venture and works on behalf of the venture to develop a service oriented culture which is so critical to competing in today’s environment.”

In North Carolina, OIA opened its newest outpatient imaging center location in Brier Creek, a suburb of Raleigh. This location is OIA’s fourth center in the Raleigh area with other locations operating in Wake Forest, Clayton and in Raleigh.

Commenting on the ventures, Kyle says “One of OIA’s strengths is the ability to identify markets in which our partners should look to expand. Sometimes that expansion comes in the form of new development and sometimes through acquisition. In either case, OIA takes responsibility for business planning the venture and works on behalf of the venture to develop a service oriented culture which is so critical to competing in today’s environment.”