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Radon Medical Imaging completes acquisition of Alpha Imaging to expand product offerings and geographic reach

Nov 19, 2024•about 1 year ago

Acquiring Company

Radon Medical Imaging

Acquired Company

Alpha Imaging

OnaWilloughbyHealth CareMedical DeviceMedicalBiotechnologyManufacturing

Description

Radon Medical Imaging announced its acquisition of Alpha Imaging, one of the largest distributors and servicers of medical imaging equipment in the eastern region of the U.S. This transaction reinforces Radon's strategy to be an industry leader in the medical imaging market, extends its product offerings, enhances its imaging service capabilities, grows its workforce, and expands its geographic reach into seven new states.

Company Information

Company

Radon Medical Imaging

Location

Ona, West Virginia, United States

About

Radon Medical Imaging is a leading independent service organization that services, assembles, repairs, sells and distributes new and refurbished medical imaging equipment including, but not limited to: MRI, PET/CT, fluoroscopy, mammography, cardiac cath lab, urology, digital DR and CR, C-arm, general radiographic (X-Ray) and select PACS systems. Radon Medical Imaging was founded in 1976 and is headquartered in Charleston, West Virginia, with additional corporate offices and 150,000+ square feet of warehouse space in Georgia, Louisiana, Ohio, South Carolina, Virginia and West Virginia. The company has more than 200 employees across 24 states and covers a service, asset management and sales region encompassing parts of the Midwest, the mid-Atlantic and southeastern regions of the U.S.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed