ONRAD Inc. completes acquisition of Direct Radiology to form the largest independent teleradiology provider in the U.S.
Jan 07, 2025•11 months ago
Acquiring Company
ONRAD
Acquired Company
Direct Radiology
Description
ONRAD Inc., a leading radiology services company, has announced the acquisition of teleradiology group Direct Radiology, resulting in the formation of the largest independent teleradiology provider in the United States. The acquisition aims to expand capabilities, enhance quality and outcomes, and address the challenges of finding and attracting top-notch radiologists.
M&A Insights
Based on deal dataIntegration 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