What Midstate Radiology Associates does

Midstate Radiology Associates, LLC is a privately held, physician-led diagnostic and therapeutic radiology practice founded in 1955 and headquartered in Wallingford, Connecticut. The company provides a full spectrum of imaging services — including 3T MRI, low-dose 64-slice CT, digital X-ray, 3D mammography (tomosynthesis), ultrasound, nuclear medicine, PET, fluoroscopy and interventional radiology — across 24+ outpatient imaging locations and affiliated hospitals throughout Connecticut, staffed by 40+ board-certified radiologists with subspecialty expertise. MRA holds multiple American College of Radiology accreditations across modalities and is designated a Comprehensive Breast Imaging Center, Lung Cancer Screening Center and Prostate Cancer MRI Center.

The company's business model is fee-for-service diagnostic imaging delivered through a hybrid outpatient-center and hospital-affiliation network. Patients access services either through physician referrals or direct scheduling via a centralized Patient Access Center, with extended hours and online bill pay. MRA emphasizes affordability versus hospital-based imaging, accepts an extensive list of insurance carriers, and offers payment plans. Beyond core imaging, the company operates differentiated clinical programs — most notably the Hereditary Cancer Risk Assessment (HCRA) Program and its digital CARE screening tool (built with Ambry Genetics), Express Check-In kiosks, and the Vein Centers of CT — that generate downstream imaging referrals and reinforce patient and referrer loyalty.

MRA's revenue is generated primarily through insurance-reimbursed imaging procedures, with material enterprise-side contracts via hospital affiliations to Hartford HealthCare, Hospital of Central Connecticut, Backus Hospital and Windham Hospital. Growth has been driven by three serial acquisitions (Vein Centers of CT in 2019, Radiology Group P.C. in 2021, and NHRA/Whitney Imaging in 2022 alongside a strategic partnership with RAYUS Radiology), service-line expansion in hereditary cancer risk assessment and women's imaging, and operational investments in patient-experience technology.

Name

Midstate Radiology Associates

Legal name

Midstate Radiology Associates, LLC

Website

https://midstateradiology.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

251–500 employees

Short description

Midstate Radiology Associates is a Connecticut-based, physician-led diagnostic and therapeutic radiology practice operating 24+ outpatient imaging locations and hospital affiliations with 40+ board-certified radiologists, serving patients via physician referrals and direct scheduling.

Ownership category

akta.pro rank

Product category

Diagnostic Imaging Services

NAICS

Diagnostic Imaging Centers (621512)

SIC

Services-Health Services (8000)

akta.pro primary industry

Radiology Imaging Centers (X-ray/CT/MRI/Ultrasound) (HLAFAKAA)

akta.pro secondary industries

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

Keywords

• Diagnostic imaging services
• Radiology practice
• Women's imaging services
• Cancer screening programs
• Interventional radiology procedures

Headquarters

HQ city

Meriden

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Diagnostic Imaging Services: Revenue generated from comprehensive radiology imaging services including X-ray, MRI, CT scans, ultrasounds, 3D mammograms, and interventional procedures. Services provided at outpatient imaging centers and affiliated hospitals.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Midstate Radiology Associates is a private diagnostic and therapeutic radiology practice operating 24+ outpatient imaging centers and affiliated hospital sites across Connecticut. It delivers comprehensive imaging services including low-dose digital X-ray, 3T MRI, CT, ultrasound, 3D mammography, nuclear medicine, fluoroscopy, and interventional radiology procedures, supported by a Hereditary Cancer Risk Assessment program and digital screening tools.

Product overview

Midstate Radiology Associates is a comprehensive radiology practice offering a unified portfolio of diagnostic and therapeutic imaging services. Founded in 1955, the company operates as a single integrated practice providing core imaging modalities (X-ray, MRI, CT, Ultrasound, Mammography, Nuclear Medicine) through multiple service lines including Advanced Women's Imaging, Orthopedic Imaging, Oncologic/Body Imaging, Neuroradiology, Interventional Radiology, and Vein Centers of CT. The portfolio includes specialized sub-products and programs such as the Hereditary Cancer Risk Assessment (HCRA) Program and its associated CARE Program digital screening tool (partnered with Ambry Genetics), 3D Mammography, Low-Dose CT Lung Cancer Screening, and Express Check-In patient kiosk technology. The company has expanded through acquisitions including Vein Centers of Connecticut (2019), Radiology Group P.C. (2021), and NHRA/Whitney Imaging (2022). Services are delivered at over 24 imaging locations across Connecticut.

Differentiator

Problem solved

Functional benefit

Brands

• Vein Centers of CT: Specialized vein treatment and venous disease care services operated as part of Midstate Radiology Associates.
• Whitney Imaging Comprehensive Breast Health Center
• Hereditary Cancer Risk Assessment (HCRA) Program

Products and services

• General Radiology Imaging Services Comprehensive diagnostic and therapeutic radiology services including low-dose digital X-ray, 3T MRI, CT scans, ultrasounds, and 3D mammograms, along with interventional procedures provided by Board-Certified radiologists for individual patients.
• Advanced Women's Imaging Specialized imaging services for women's health including 3D mammography (breast tomosynthesis), stereotactic breast biopsy, MRI-guided breast biopsy, breast ultrasound, DEXA bone density scanning, and hereditary cancer risk assessment.
• Orthopedic Imaging Diagnostic imaging for musculoskeletal conditions including MRI for ACL injuries, broken bone diagnosis, and bone density testing for osteoporosis assessment.
• Screening & Preventative Services Preventive health imaging services including lung cancer screening with low-dose CT, hereditary cancer risk assessment, and high-risk cancer screening programs for early detection of cancer and other conditions.
• Oncologic/Body Imaging Cancer-related imaging services including CT scans, MRI, nuclear medicine, PET imaging, X-ray radiography, and general ultrasound for diagnosis and treatment monitoring.
• Neuroradiology Specialized imaging for brain, spine, and nervous system conditions including stroke imaging, spine imaging, and emergency radiology services.
• Interventional Radiology Minimally invasive image-guided procedures including fluoroscopy, tumor ablations, and various injections for diagnostic and therapeutic purposes.
• Vein Centers of CT Specialized venous disease diagnosis and treatment services including vein treatments and management of circulatory conditions.
• Hereditary Cancer Risk Assessment (HCRA) Program Program that provides hereditary cancer genetic testing and risk assessment, identifying patients at elevated cancer risk and guiding preventive care decisions using NCCN guidelines-based questionnaires.
• CARE Program Digital screening tool developed in partnership with Ambry Genetics that identifies patients at higher risk for breast cancer and genetic mutations linked to hereditary cancers, available in five languages via text, email, or at point of care.

Quantifiable outcome

• 91,000+ patients assessed for cancer risk between November 2023 - December 2024
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• RAYUS RadiologycoreStrategic or Co-development Partner · 5 February 2022Strategic partnership formed through acquisition of NHRA and Whitney Imaging centers. RAYUS Radiology is a leading subspecialty practice for advanced diagnostic and interventional radiology with network of imaging centers, hospital partnerships, and hospital solutions across the United States. This partnership enables expanded imaging services to the Greater New Haven area.
• New Haven Radiology Associates, PC (NHRA)minorStrategic or Co-development Partner · 5 February 2022Acquisition of New Haven Radiology Associates, PC, a professional organization in existence since 1960 providing diagnostic and therapeutic radiology and radiation oncology services for The Hospital of Saint Raphael and surrounding communities in Greater New Haven area.
• Radiology Group, P.C.minorStrategic or Co-development Partner · 1 July 2021Acquisition of Radiology Group, P.C. enabling Midstate Radiology to expand award-winning imaging services to more convenient Connecticut locations, specifically Hamden area.
• Ambry GeneticscoreTechnology or Integration · 1 January 2021Partnership with Ambry Genetics enhances the Hereditary Cancer Risk Assessment Program patient experience. Midstate Radiology partnered with Ambry to launch the CARE Program in 2023, a secure HIPAA-compliant application for collecting and analyzing patients' medical information and family history for cancer risk assessment.
• Vein Centers of ConnecticutminorStrategic or Co-development Partner · 10 October 2019Acquisition of Vein Centers of Connecticut expanding Midstate Radiology's service offerings to include venous disease treatment services.
• Hartford HealthCarecoreStrategic or Co-development PartnerProudly affiliated with the Hartford HealthCare network - a major healthcare system in Connecticut providing integrated healthcare services.
• The Hospital of Central ConnecticutcoreStrategic or Co-development PartnerAffiliated hospital providing radiology services at MidState Medical Center, New Britain General Campus, and Bradley Memorial Campus locations.
• Backus HospitalcoreStrategic or Co-development PartnerAffiliated hospital with outpatient care center and imaging services.
• Windham HospitalminorStrategic or Co-development PartnerAffiliated hospital providing radiology services.
• Starling PhysiciansminorStrategic or Co-development PartnerAffiliated physician group providing collaborative healthcare services.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• RAYUS Radiology: National subspecialty radiology practice operating diagnostic and interventional imaging centers. MRA has a formal strategic partnership with RAYUS following the 2022 NHRA/Whitney acquisition, making them direct peers in advanced diagnostic imaging.
• Radiology Partners: Largest physician-led radiology practice in the U.S., serving hospitals and health systems nationwide. Directly comparable physician-practice operating model with hospital affiliations and subspecialty teleradiology.
• SimonMed Imaging: Large outpatient imaging network offering MRI, CT, ultrasound, mammography, and interventional services. Closely comparable in multi-modality outpatient delivery, scale, and physician-led operating model.
• US Radiology Specialists: Private-equity-backed outpatient imaging and radiology practice platform with regional subsidiaries. Similar subspecialty physician group model combined with freestanding imaging centers.
• Akumin: Outpatient imaging and radiology services provider operating freestanding centers across multiple states. Comparable multi-modality outpatient imaging platform with MRI, CT, PET, and women's imaging services.
• Center for Diagnostic Imaging (CDI): Outpatient imaging network (now part of Akumin) offering MRI, CT, mammography, and pain management procedures. Comparable multi-modality outpatient radiology operating model and site footprint.

Broad incumbents

• RadNet: Largest outpatient imaging network in the United States with hundreds of centers across multiple states. Closest large-scale public benchmark for MRA's outpatient imaging model, mammography, and multi-modality strategy.

Regional players

• Jefferson Radiology: Connecticut-based radiology practice serving Hartford HealthCare and other regional hospitals. Direct local competitor within the same Connecticut market and overlapping hospital affiliations.
• Shields Health Solutions / Shields Imaging: Northeast-based imaging and specialty health services provider. Overlapping geography in New England with comparable outpatient MRI, CT, and women's imaging service lines.

Emerging players

• Solis Mammography: Specialized breast imaging and women's health platform with a national footprint. Comparable to MRA's Whitney Imaging Comprehensive Breast Health Center and HCRA/CARE program focus areas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

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Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

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 Midstate Radiology Associates