Ropes & Gray Represents Alliance HealthCare in Sale to Radiology Company Akumin
Ropes & Gray advised Alliance HealthCare Services, Inc., a leading national provider of radiology and oncology solutions to hospitals, health systems and physician groups, in an agreement to be acquired for $820 million by Akumin, Inc., a leading provider of freestanding outpatient radiology services in the U.S. The transaction was announced on June 25, 2021.
Upon the closing of the transaction, the combined company will offer the most comprehensive radiology and oncology solutions to patients in the U.S., operating in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology centers and 34 radiation therapy centers. The combined company expects to have over 4,000 team members serving more than two million radiology and oncology patient visits annually.
The Ropes & Gray team was led by private equity partner Howard Glazer (San Francisco) and finance partner Alex Zeltser (New York), litigation & enforcement partner Samer Musallam (Washington, D.C.), employment & benefits partner Jenny Rikoski (Boston) and private equity associates Peter Wang and Richard Barghash (both of San Francisco).