Akumin Inc.’s acquisition of Alliance Healthcare Services has created a leading provider of comprehensive radiology and oncology solutions in the U.S. This partnership expands access to quality care for patients while driving innovation and efficiency in the healthcare industry.
Expanding Access to Outpatient Care
The healthcare landscape is shifting towards outpatient, value-based care, and integrated healthcare systems. The merger of Akumin and Alliance Healthcare Services directly addresses these trends by creating a nationwide network of outpatient facilities. With operations in 46 states, over 1,000 hospital and health system partnerships, 154 independent outpatient radiology centers, and 34 radiation therapy centers, the combined entity offers unparalleled access to advanced diagnostic and treatment options. This extensive reach ensures that patients across the country can receive high-quality care closer to home.
Comprehensive Solutions for Hospitals and Health Systems
Alliance Healthcare Services, now part of Akumin, provides comprehensive solutions designed to meet the evolving needs of hospitals, health systems, and physician groups. These solutions encompass a wide range of services, including:
- Outpatient Diagnostic Imaging: MRI, CT, PET/CT, ultrasound, X-ray, mammography, and interventional procedures. These services are offered through a network of freestanding, fixed-site imaging centers, ensuring convenient access for patients.
- Oncology Services: A full suite of radiation therapy and related cancer care offerings. This comprehensive approach ensures that patients have access to the latest treatment options and supportive care services.
Driving Innovation and Efficiency
By leveraging the combined expertise and resources of Akumin and Alliance Healthcare Services, the company is well-positioned to drive innovation and efficiency in healthcare delivery. This commitment to continuous improvement benefits both patients and providers by:
- Improving Patient Experience: A focus on patient-centered care ensures a positive and comfortable experience for individuals undergoing diagnostic imaging or cancer treatment.
- Enhancing Efficiency: Streamlined workflows and optimized processes lead to faster turnaround times for diagnostic results and treatment planning.
- Investing in Technology: The company utilizes the latest advancements in technology and information systems to enhance diagnostic accuracy and treatment effectiveness.
Medical professional reviewing a scan.
Financial Backing and Future Growth
The acquisition of Alliance Healthcare Services was supported by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. This partnership provides Akumin with significant financial resources to further invest in growth and innovation. Stonepeak’s commitment to the healthcare sector underscores the long-term potential of this strategic acquisition. The transaction involved a combination of cash on hand, debt assumption, equity issued to the seller, and financing from Stonepeak.
Leadership and Management
The combined company is led by a seasoned management team with extensive experience in the healthcare industry. Riadh Zine and Rhonda Longmore-Grund serve as Co-CEOs, leveraging their complementary skills and expertise to guide the organization’s strategic direction. The integration of leadership from both Akumin and Alliance Healthcare Services ensures a smooth transition and continued focus on delivering exceptional care.
Conclusion
The acquisition of Alliance Healthcare Services by Akumin creates a leading force in the delivery of outpatient radiology and oncology solutions. With a nationwide presence, comprehensive service offerings, and a commitment to innovation, the combined company is well-positioned to address the evolving needs of the healthcare industry and improve the lives of patients across the U.S. This partnership signifies a significant step forward in the transformation of healthcare delivery, focusing on patient-centered care, efficiency, and access to leading-edge technology.
