MedQuest Associates

What MedQuest Associates does

MedQuest Associates (d/b/a MedQuest Imaging) is a US-based, privately held operator and joint venture partner of outpatient diagnostic imaging facilities, founded in 1993 and headquartered in Alpharetta, Georgia. The company manages a mixed network of more than 50 (and per its own corporate site, more than 60) independent, hospital-affiliated, and mobile radiology centers across the Southeast, Mid-Atlantic, and Midwest, with historical operating experience in more than 100 communities. Its customer base is exclusively enterprise healthcare — primarily hospitals and multi-hospital health systems — and it delivers services through flexible JV structures and turnkey management agreements rather than direct patient billing.

The core product is outsourced outpatient imaging center management, which bundles daily operations, marketing, billing and collections, center development, and financial/clinical support functions into a single outsourced stack. Adjacent service modules include mobile MRI unit management, women's imaging services, and freestanding outpatient imaging network development. The underlying operating layer combines an enterprise imaging workflow stack with centralized revenue cycle management and HIPAA-compliant data handling; the company maintains no public APIs, SDKs, or software product lines, and the technology footprint is operational rather than productized. Strategic clinical direction and innovation are led by a Chief Clinical and Innovation Officer whose background includes serving as Chair of Radiology and Medical Director of AI at Geisinger.

MedQuest makes money primarily through managed-services agreements and JV economics with hospital partners; service fees are negotiated bilaterally based on scope, number of centers, and partnership structure, and pricing is not publicly disclosed. GTM is enterprise field sales targeted at health system leadership, supplemented by direct partnership development and a modest digital presence. Capital partners to date include TA Associates (1999 and 2001 rounds, $18M each) and, in 2023, TPG and Novant Health, which together backed a growth investment whose dollar amount was not disclosed. Recent inorganic activity includes the 2016 acquisition of Suburban Radiology and the 2025 acquisition of 18 OrthoCarolina imaging locations executed in partnership with Novant Health.

Name

MedQuest Associates

Legal name

MedQuest Associates

Website

https://mqimaging.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MedQuest Imaging is a privately held US operator and joint venture partner that manages 50–60+ outpatient diagnostic imaging centers on behalf of hospitals and health systems via turnkey JV and management agreements across the Southeast, Mid-Atlantic, and Midwest.

Ownership category

akta.pro rank

Headquarters

HQ city

Alpharetta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Outpatient Imaging Center Management: MedQuest provides full turnkey outpatient imaging center joint venture (JV) and management services to hospitals and health systems, including daily operations management, marketing, billing and collections, center development and all financial and other support functions. Revenue is generated through partnership agreements with health systems where MedQuest manages imaging operations on their behalf.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

MedQuest provides full turnkey outpatient imaging center joint venture (JV) and management services to hospitals and health systems. Its offering spans daily operations management, marketing, billing and collections, center development, and all financial and other support functions for a network of 60+ outpatient imaging facilities across the United States. Services are delivered through flexible JV structures customized for each health system partner, sharing capital burdens and providing operational expertise across freestanding centers, mobile MRI units, and women's imaging services.

Product overview

MedQuest Imaging operates as a management company for outpatient diagnostic imaging facilities, functioning as a platform that manages a network of 50+ imaging centers. The core offering includes turnkey outpatient imaging center joint venture and management services covering daily operations, marketing, billing/collections, center development, and financial support. Key service modules include mobile MRI unit management, women's imaging services, and freestanding outpatient imaging network development, all delivered through flexible joint venture structures customized for hospital and health system partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Outpatient Diagnostic Imaging Center Management

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Novant HealthcoreStrategic or Co-development Partner · 1 April 2025MedQuest partnered with Novant Health to facilitate the acquisition of 18 medical imaging locations from OrthoCarolina (15 in Charlotte region and 3 in Piedmont Triad region). MedQuest assumed daily operations of these fixed and mobile MRI assets, allowing Novant to focus on enhancing orthopedic services while MedQuest manages the imaging operations.
• University of Maryland Charles Regional Medical CentercoreStrategic or Co-development PartnerMedQuest manages the imaging center for University of Maryland Charles Regional Medical Center, consistently delivering high quality outcomes, top of the line customer service, and optimal financial performance over two years of partnership. They continue to be proactive and responsive to all needs.
• North Mississippi Health ServicescoreStrategic or Co-development PartnerMedQuest partnered with North Mississippi Health Services to expand and improve outpatient imaging services. In less than two years, they acquired a competing imaging center, grew and improved operations, and completed consolidation of two local imaging joint ventures into a single market-leading imaging center joint venture.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• US Radiology Specialists: PE-backed (Welsh Carson, KKR) operator and JV partner of outpatient diagnostic imaging centers partnering with hospitals and health systems. Highly comparable to MedQuest's owned/JV/managed center model and scale.
• RAYUS Radiology: National network of owned, JV, and managed diagnostic imaging centers formed from Center for Diagnostic Imaging. Closely mirrors MedQuest's hospital JV and freestanding outpatient imaging strategy.
• RadNet: Largest publicly traded outpatient imaging operator in the US with hundreds of centers across multiple states. Comparable service offering (diagnostic imaging), though RadNet is fully owned versus MedQuest's JV-heavy model.
• SimonMed Imaging: One of the largest privately held outpatient imaging networks in the US with a multi-modality service offering. Directly comparable operating footprint and patient-facing imaging services.
• Akumin: Publicly traded operator of outpatient diagnostic imaging centers and radiology services with hospital partnership arrangements. Directly comparable business model in MRI, CT, and related imaging modalities.
• Outpatient Imaging Affiliates (OIA): Outpatient imaging center developer and manager specializing in JV partnerships with hospitals and health systems. Almost identical go-to-market model to MedQuest, including shared capital, operations, and management services.
• LucidHealth: Outpatient imaging management and radiology services platform built via partnerships with health systems. Comparable JV/affiliation model and clinical service scope to MedQuest.

Emerging players

• Foundation Health (Foundation Radiology Group): Radiology and imaging services provider with hospital partnership orientation. Smaller scale than MedQuest but similar hospital-affiliated diagnostic imaging services.

Regional players

• Steinberg Diagnostic Medical Imaging: Regional outpatient imaging center operator in the Las Vegas area with multi-modality diagnostic services. Comparable operating model but limited geographic overlap with MedQuest.
• Atlantic Medical Imaging: Regional diagnostic imaging center group in the Mid-Atlantic. Overlaps with MedQuest's Mid-Atlantic footprint and shares the multi-modality outpatient imaging focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mqassociates
• LinkedInlinkedin.com/company/medquest-associates

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MedQuest Associates