SPI Medical Imaging: I-MED Aims to Break America with StatRad Acquisition

I-MED Radiology (I-MED), Australia & New Zealand’s largest medical imaging network, has entered the US market through the acquisition of StatRad, one of the largest teleradiology service provider in the US.

Why we chose this topic

• StatRad was, until this deal, one of the largest privately owned teleradiology providers in the US market.
• Acquisitions in the teleradiology market are fairly common, however this deal has interesting implications for market dynamics due to the scale of the two parties.
• The acquisition is also notable in terms of its international scope.

Why it matters

• The deal represents both a threat and opportunity to I-MED’s competitors, in the US and Oceania region, depending on how successfully it is able to manage the post-acquisition process.
• It raises questions on I-MED’s next moves, and the direction of travel for the wider teleradiology market.