St. Paul Radiology

What St. Paul Radiology does

Midwest Radiology is a private, physician-owned radiology practice headquartered in Roseville, Minnesota, formed in 2019 through the merger of St. Paul Radiology and Suburban Radiologic Consultants—organizations whose combined histories extend back nearly 100 years. The practice operates across three integrated service lines: (1) Professional Radiology Services, providing 24/7 subspecialty interpretations to hospitals and clinics via embedded radiologists and a dedicated overnight platform; (2) Outpatient Imaging Services, delivered through a network of Twin Cities-area imaging centers offering MRI, CT, PET/CT, mammography, ultrasound, X-ray, bone density, wide bore MRI, and pain management injections; and (3) Vascular & Interventional Radiology Services covering interventional oncology, vascular care and endovascular surgery, women's and men's health interventional procedures, and nephrology/dialysis care. The practice also offers direct-pay preventative screenings for breast, colon, heart, and lung conditions that do not require a physician referral.

The underlying technology stack combines state-of-the-art imaging modalities with the Merge Universal Viewer physician portal for image access, a RADPEER peer review quality program, and a dedicated overnight interpretation platform that supports acute care and stroke workflows across the partner network. The practice is staffed by more than 200 board-certified, fellowship-trained radiologists covering eight subspecialty disciplines (body, breast, emergency, molecular/nuclear, musculoskeletal, neuroradiology, pediatric, and vascular & interventional), and serves more than 75 hospital, clinic, and care center partners across the Twin Cities, outstate Minnesota, Western Wisconsin, and North Dakota.

The business model is fee-for-service radiology billed through health insurance, with two primary revenue streams: professional radiology interpretations contracted with hospitals and clinics, and technical/facility fees from direct outpatient imaging visits. GTM is referral-driven: referring physicians schedule through dedicated scheduling lines and physician portals, while consumer-facing marketing channels (website, phone scheduling, social media) drive screening and self-referred imaging volume. The practice is HIPAA-compliant and physician-owned with no disclosed private equity or parent company ownership. Recent portfolio actions—discontinuation of neurointerventional surgery in December 2024 and the May 2026 closure of the Maple Grove clinic—indicate selective footprint optimization, while the 2026 launch of the overnight platform signals continued investment in the core professional services franchise.

Name

St. Paul Radiology

Legal name

Midwest Radiology

Website

https://stpaulradiology.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

251–500 employees

Short description

Midwest Radiology is a private physician-owned radiology practice formed in 2019 from the merger of St. Paul Radiology and Suburban Radiologic Consultants, employing 200+ subspecialty radiologists across eight disciplines to deliver 24/7 professional interpretations and outpatient imaging to 75+ hospital partners and patients across the Upper Midwest.

Ownership category

akta.pro rank

Product category

Diagnostic Imaging Services

NAICS

Diagnostic Imaging Centers (621512), Offices of Physicians (62111)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Advanced Imaging & Specialty Radiology Centers (PET/CT, Nuclear Medicine, Interventional Radiology) (HLAFAKAB)

akta.pro secondary industries

Radiology Imaging Centers (X-ray/CT/MRI/Ultrasound) (HLAFAKAA), Nuclear Medicine Clinical Services & Therapy Centers (HLAIAGAI)

Keywords

• Diagnostic imaging services
• Radiology practice
• Medical imaging
• Interventional radiology
• Outpatient imaging center

Headquarters

HQ city

Saint Paul

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Professional Radiology Services: Fee-for-service radiology interpretations and consultations provided to hospitals, clinics, and outpatient imaging centers. Services billed based on medical procedures performed, typically covered by health insurance.
2. Outpatient Imaging Services: Diagnostic imaging services at outpatient imaging centers including MRI, CT, X-Ray, Mammography, Ultrasound, PET/CT, and Bone Density scans. Revenue generated through patient visits and insurance billing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

St. Paul Radiology (now Midwest Radiology) is a physician-owned radiology practice providing diagnostic imaging services, including MRI, CT, PET/CT, mammography, ultrasound, X-ray, bone density, and vascular and interventional radiology. The group operates outpatient imaging centers for direct patient access and delivers professional radiology interpretation and coverage services to hospitals and clinics across the Twin Cities, Minnesota, Western Wisconsin, and North Dakota. With over 200 board-certified radiologists serving 75+ hospital and clinic partners, the practice provides both onsite and remote 24/7 subspecialty coverage.

Product overview

Midwest Radiology (formed in 2019 from the merger of St. Paul Radiology and Suburban Radiologic Consultants, with combined history extending nearly 100 years) operates as a comprehensive radiology practice offering three integrated service lines: (1) Professional Radiology Services for hospitals and clinics including Body Radiology, Breast Radiology, Emergency Radiology, Molecular/Nuclear Radiology, Musculoskeletal Radiology, Neuroradiology, and Pediatric Radiology subspecialties; (2) Outpatient Imaging Services providing CT, MRI, PET/CT, Mammography, X-Ray, Ultrasound, Bone Density, and Pain Management at Twin Cities-area imaging centers; and (3) Vascular & Interventional Radiology Services delivering minimally invasive treatments. The company also offers Preventative Screening Services for breast, colon, heart, and lung conditions. With over 200 board-certified, fellowship-trained radiologists, the practice serves more than 75 hospital, clinic, and care center partners across the Twin Cities, Minnesota, Western Wisconsin, and North Dakota.

Differentiator

Problem solved

Functional benefit

Products and services

• MRI (Magnetic Resonance Imaging) Diagnostic MRI scans performed by board-certified radiologists; offered to referring physicians, hospitals, clinics, and individual patients for evaluation of neurological, musculoskeletal, abdominal, and other conditions.
• CT (Computed Tomography) Computed tomography scans for cross-sectional diagnostic imaging; offered to referring physicians, hospitals, clinics, and individual patients for trauma, oncology, and general diagnostic purposes.
• PET/CT Combined Positron Emission Tomography and CT imaging for oncology, neurology, and cardiology indications; offered to referring physicians, hospitals, and individual patients.
• Mammography Breast imaging including screening and diagnostic mammography; offered to referring physicians and individual patients for breast cancer screening and diagnostic workup.
• Ultrasound Diagnostic ultrasound imaging for abdominal, vascular, obstetric, and general soft tissue evaluation; offered to referring physicians, hospitals, and individual patients.
• X-Ray (Radiography) Standard radiographic imaging for bone, chest, and general diagnostic purposes; offered to referring physicians, hospitals, clinics, and individual patients.
• Bone Density (DEXA) DEXA bone density scans for osteoporosis screening and bone health evaluation; offered to referring physicians and individual patients.
• Vascular & Interventional Radiology Minimally invasive image-guided procedures including vascular and interventional radiology treatments; offered to hospital partners and referring physicians for therapeutic and diagnostic interventions.
• Professional Radiology Interpretation & Coverage Services Contracted radiology interpretation, subspecialty reads, and 24/7 coverage (including overnight reads) provided to 75+ hospital and clinic partners across the Twin Cities, Minnesota, Western Wisconsin, and North Dakota. Delivered via onsite radiologists, remote reading, and the Merge Universal Viewer physician portal.

Quantifiable outcome

• Same-day scheduling available 7:00 AM – 6:00 PM Monday–Friday
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Suburban Radiologic ConsultantscoreStrategic or Co-development Partner · 1 January 2019Suburban Radiologic Consultants merged with St. Paul Radiology in 2019 to form Midwest Radiology. The combined organization became one of the nation's largest independent, privately-held radiology practices with history extending back nearly 100 years.
• Hospitals and Clinics Network (75+ partners)coreStrategic or Co-development PartnerPartnership with more than 75 hospital, clinic, and care center providers throughout Twin Cities, outstate Minnesota, Western Wisconsin, and North Dakota areas. Midwest Radiology provides professional radiology services and imaging interpretations to these partners.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Radiology Partners: Radiology Partners is the largest physician-led and physician-owned radiology practice in the US, with thousands of radiologists serving thousands of hospital and outpatient customers nationwide. It is the most direct comparable in terms of scale, subspecialty model, and hospital partnership strategy.
• RadNet: RadNet is the largest outpatient imaging center operator in the US with hundreds of locations across multiple states, focused on MRI, CT, mammography, and PET/CT. Directly comparable in outpatient imaging center operations and modality mix, though at significantly larger national scale.
• Akumin: Akumin operates outpatient diagnostic imaging centers across multiple US states offering MRI, CT, PET/CT, ultrasound, and other modalities. Comparable outpatient imaging center operator with similar modality mix, though currently facing financial restructuring.
• US Radiology Specialists: US Radiology Specialists is a PE-backed national radiology practice combining subspecialty reads with outpatient imaging center operations. Directly comparable in subspecialty professional services plus imaging center footprint model.

Direct peers

• RAYUS Radiology: RAYUS Radiology (formerly CDI/Insight Imaging) operates a national network of outpatient diagnostic imaging centers offering MRI, CT, X-ray, ultrasound, mammography, and other modalities. Comparable to Midwest Radiology in offering both professional reads and outpatient imaging centers with a regional concentration strategy.
• Solis Mammography: Solis Mammography is a national specialty provider of breast imaging services including screening and diagnostic mammography. Comparable as a subspecialty-focused imaging provider with a women’s health screening emphasis, intersecting with Midwest Radiology’s breast radiology service line.
• SimonMed Imaging: SimonMed operates a large network of outpatient diagnostic imaging centers offering MRI, CT, PET/CT, ultrasound, mammography, and screening services. Comparable business model combining outpatient imaging with professional interpretation services and a regional concentration approach.
• Virtual Radiologic (vRad): vRad is one of the largest teleradiology providers in the US, offering 24/7 subspecialty reads to hospitals and imaging centers. Comparable as a technology-enabled radiology interpretation platform, particularly relevant to Midwest Radiology’s overnight interpretation platform service.

Regional players

• Mayo Clinic Department of Radiology: Mayo Clinic’s Department of Radiology is a leading subspecialty radiology practice based in Rochester, Minnesota, also serving the Upper Midwest region. Overlaps with Midwest Radiology geographically and in subspecialty depth, though embedded within an academic health system rather than independent.
• Allina Health Radiology: Allina Health operates its own hospital-based and outpatient radiology services across Minnesota and Wisconsin. Overlaps with Midwest Radiology both as a customer (Allina Health Mercy partnership) and as a potential insourcing competitor in the same regional market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/stpaulradiology
• Xx.com/StPaulRad

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about St. Paul Radiology