Imaging Services Newsletter — Winter 2023

Industry Highlights:

• As providers continue to focus on cost savings amidst the shift to value-based care, independent service providers (ISPs) have been taking market share from original equipment manufacturers (OEMs) for imaging services equipment repair and maintenance.
• While many ISPs remain focused on one modality, some have begun to diversify their service offerings, transitioning to multi-modality or provider asset manager models.
• Demand for diagnostic imaging will remain high, primarily driven by an aging population.
• Private equity firms continue to search for ISP platform investments in the imaging services sector due to the buy-and-build opportunity and the attractive business models of targets.
• Add-on acquisition activity remains steady as ISPs attempt to diversify geographically and by modality.
• Outpatient imaging facilities number over 6,000 sites in the U.S. and perform about 40% of imaging volumes–the trend towards outpatient imaging procedures is expected to continue.

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