February 11, 2022
(RALEIGH, N.C.) – US Radiology Specialists, one of the premier physician-owned radiology groups in the country, announced today it has entered into a partnership with South Jersey Radiology Associates (SJRA) and Larchmont Imaging Associates (Larchmont), the two leading providers of sub-specialized radiology services in New Jersey.
This partnership adds 65 physicians, 18 outpatient imaging centers and more than 700 team members to US Radiology’s national network, establishing a presence for the company in the 6.6 million-resident southern New Jersey and Philadelphia market.
“SJRA and Larchmont have strong cultures of innovation and clinical excellence, a shared commitment to subspecialty capabilities, and decades-long track records of patient service with patient satisfaction ratings consistently over 98 percent,” said John Perkins, Chairman & CEO of US Radiology. “This partnership represents the largest transaction for US Radiology to date and we are excited to welcome SJRA and Larchmont to our team.”
US Radiology’s growth is fueled by strong partnerships with leading subspecialized radiology groups, high-quality imaging center operators, and health systems built around a commitment to best-in-class clinical excellence, operations, infrastructure, and state-of-the-art technology. With the completion of this transaction, the company now has more than 4,500 total team members including more than 350 radiologists, operates more than 180 outpatient imaging centers across 15 states, and performs approximately 8 million procedures per year.
“As a longstanding member of the healthcare community in South Jersey, we are excited about the potential of this partnership to provide our patients and referring physicians with access to a broader pool of sub-specialized radiology expertise,” said Dr. William Muhr, M.D., President and Chief Executive Officer of South Jersey Radiology Associates. “The commitment to high-quality, high-satisfaction patient care that we share with Larchmont and US Radiology creates an excellent opportunity to keep our practice growing and innovating in the future.”
“This partnership will be an important step forward in Larchmont’s ability to serve our patients in southern New Jersey,” said Dr. Vincent Taormina, M.D., President & Chief Executive Officer of Larchmont Imaging Associates. “US Radiology’s commitment to local clinical autonomy and high-quality patient care, as well as their deep expertise in outpatient imaging, make them an ideal partner to bring together our practices and align us for future growth.”
Ziegler served as the exclusive financial advisor and Fox Rothschild LLP and Cozen O’Connor P.C. provided legal counsel to SJRA and Larchmont, respectively, in concert with the transaction. Sidley Austin LLP provided legal assistance for US Radiology.
# # #
About US Radiology Specialists
US Radiology is one of the largest and most progressive radiology groups in the country. With over 4,500 team members and more than 180 outpatient imaging centers across 15 states, our team conducts nearly 8 million studies annually. Our partnership of leading subspecialized radiology groups, high-quality imaging centers, and health systems is built around a commitment to best-in-class clinical excellence, operations, infrastructure, and state-of-the-art technology.
About South Jersey Radiology Associates
Founded in 1938, SJRA has been a leading imaging services provider for New Jersey’s Camden and Gloucester counties for more than 80 years. Our team of 41 board-certified specialists — including neuroradiologists, body imagers, musculoskeletal imagers, women’s imagers, and interventional radiologists — interpret radiology studies, from standard x-rays to the most complex procedures, across our 11 clinical locations in South Jersey. SJRA is the only diagnostic imaging center in the region awarded the Diagnostic Imaging Center of Excellence by the American College of Radiology.
Our comprehensive range of imaging services blends contemporary medical science with caring, personal attention.
About Larchmont Imaging Associates
For more than 50 years, Larchmont Imaging Associates has been a premier provider of diagnostic imaging services to New Jersey’s Burlington County, dedicated to maintaining the most rigorous protocols for quality and consistency. The expertise of our team of board-certified radiologists brings a comprehensive range of diagnostic applications to our local community. But that’s only half of the Larchmont story—because we’re just as dedicated to extraordinary customer service for our patients. We’re committed to providing a convenient, comfortable, and caring experience, with prompt scheduling, extended hours, and associates who add that extra, personal touch to every interaction.