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Cases & Deals

July 20, 2021

King & Spalding Advises RAYUS Radiology in Acquisition of Foundation Radiology Inc.

King & Spalding LLP represented RAYUS Radiology (RAYUS), formerly Center for Diagnostic Imaging, on its acquisition of Foundation Radiology, Inc. (Pittsburgh-based, full-service radiology management company).  As part of the acquisition, RAYUS adds to its network more than 100 radiologists delivering on-site and tele-radiology services to 45+ prominent healthcare providers across seven states.

The transaction reflects RAYUS’ efforts to continue growing its nationwide network of hospital partnerships as well as increase patient accessibility through Foundation’s hybrid operating model. 

Wellspring Capital-backed RAYUS Radiology is the nation's leading subspecialty practice for advanced diagnostic and interventional radiology, with a network of imaging centers, hospital partnerships and short- and long- term hospital solutions. The organization, with more than 2,000 team members nationwide, is committed to delivering clinical excellence in communities across the United States, driven by its affiliated subspecialized radiologist network; compassionate, safe and cost-efficient care; and superior service to referring providers and patients.