Radiology Associates of Clearwater

What Radiology Associates of Clearwater does

Radiology Associates of Clearwater (RAC) is a physician-owned private radiology practice founded in 1960 and headquartered in Palm Harbor, Florida, providing comprehensive diagnostic and interventional radiology services across the Tampa Bay region. The practice fields approximately 45 Board Certified, Fellowship-trained radiologists and 8 physician assistants covering all major subspecialties — general radiology, interventional radiology, neuroradiology, musculoskeletal imaging, women's/breast imaging, oncological diagnostics, cardiovascular imaging, and nuclear medicine — delivered on a 24/7 basis across four Morton Plant Mease hospitals and multiple outpatient imaging sites.

The practice operates an advanced imaging technology stack anchored by Siemens 3T MRI (MAGNETOM Trio), 1.5T high-field open MRI, weight-bearing MRI and CT (the latter uniquely offered in Florida), a 64-slice SOMATOM Sensation CT, Siemens e.cam SPECT, PET/CT, Hologic 3D tomosynthesis mammography, and DEXA bone densitometry. RAC runs three ACR-designated Breast Imaging Centers of Excellence (Susan Cheek Needler Breast Centers) processing 75,000+ mammograms and 1,000+ biopsies annually, and provides musculoskeletal imaging services to professional baseball franchises including the Philadelphia Phillies, Toronto Blue Jays, Clearwater Threshers, and Dunedin Blue Jays.

RAC generates revenue by billing professional and technical radiology fees for interpretation and image-guided procedures, distributed exclusively through its anchor relationship with the BayCare/Morton Plant Mease Health System (1,300 licensed beds) and a referral/physician-network go-to-market motion. Billing is administered via MSN Healthcare Solutions, with self-pay screening (e.g., $500 CT colonoscopy) and direct-to-consumer scheduling via BayCare representing minor alternative channels. Volume reached 740,000+ imaging studies in 2024 across the BayCare hospital system, underscoring RAC's role as the de facto radiology partner for one of the largest non-profit health systems on Florida's west coast.

Name

Radiology Associates of Clearwater

Legal name

Radiology Associates of Clearwater

Website

https://radiologyclearwater.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Radiology Associates of Clearwater is a physician-owned private radiology practice in Tampa Bay, Florida, with 45 fellowship-trained radiologists delivering 24/7 diagnostic, interventional, and subspecialty imaging across the BayCare/Morton Plant Mease hospital system and outpatient centers since 1960.

Ownership category

akta.pro rank

Product category

Diagnostic Radiology Services

NAICS

Diagnostic Imaging Centers (621512), Ambulatory Health Care Services (621), Offices of Physicians (62111)

SIC

Services-Health Services (8000), Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

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

Keywords

• Diagnostic radiology services
• Medical imaging interpretation
• Interventional radiology procedures
• Breast imaging services
• Musculoskeletal imaging services

Headquarters

HQ city

Clearwater

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Professional Radiology Services: RAC provides radiology interpretation and interventional services to hospitals and outpatient facilities, billing for professional services. Services include diagnostic imaging interpretation, interventional radiology procedures, and subspecialty readings.
2. Hospital Radiology Coverage: Provides 24/7 radiology services to Morton Plant Mease Health System hospitals, covering Morton Plant Hospital, North Bay Hospital, Mease Dunedin Hospital, and Mease Countryside Hospital.
3. Outpatient Imaging Services: Provides radiology staffing and interpretation services at multiple BayCare Outpatient Imaging Centers and independent imaging facilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Radiology Associates of Clearwater provides comprehensive diagnostic and interventional radiology services including MRI, CT, PET/CT, ultrasound, X-ray, nuclear medicine, mammography, and DEXA scanning across hospital and outpatient settings. The practice delivers 24/7 radiology interpretation, minimally invasive image-guided procedures, and subspecialty reads in neuroradiology, musculoskeletal, breast, cardiovascular, and oncological imaging for the Morton Plant Mease Health System and BayCare outpatient centers in the Tampa Bay region.

Product overview

Radiology Associates of Clearwater is a physician-owned private radiology practice serving the Tampa Bay area for over 60 years, operating as a comprehensive full-service radiology practice with 45 radiologists and 8 physician assistants. The practice offers a portfolio of imaging technologies including X-Ray, Fluoroscopy, Ultrasound (including 4-D), CT scanning (SOMATOM Sensation 64-slice), MRI (3T MAGNETOM Trio and 1.5 High-Field Open MRI, Weight Bearing MRI/CT), Nuclear Medicine/SPECT, PET/CT, and DEXA bone density scanning. The service portfolio spans General Radiology (chest and abdominal imaging), Interventional Radiology (minimally invasive procedures including chemoembolization, radiofrequency ablation, uterine artery embolization), Neuroradiology (advanced neuroimaging and neurointerventional procedures), Women's Imaging at the Susan Cheek Needler Breast Centers (mammography, breast MRI, biopsies), Musculoskeletal and Sports Imaging (serving professional baseball teams), Oncological Diagnostics (PET/CT imaging and interventional oncology), and Cardiovascular Radiology (cardiac CT angiography and 3T cardiac MRI). Services are delivered across multiple hospital and outpatient locations within the Morton Plant Mease Health System.

Differentiator

Problem solved

Functional benefit

Products and services

• X-Ray Imaging Diagnostic X-ray imaging using low levels of radiation to create images of internal body structures, used for evaluating fractures, injuries, arthritis, and osteoporosis.
• Fluoroscopy Real-time imaging using a fluoroscope to visualize internal structures, used for barium x-rays, cardiac catheterization, and intravenous catheter placement.
• Ultrasound Imaging
• CT Scanning (SOMATOM Sensation 64-Slice)
• MRI (3T MAGNETOM Trio and 1.5T High-Field Open)
• Weight Bearing MRI and CT
• Nuclear Medicine and SPECT Imaging
• PET/CT Imaging
• DEXA Bone Density Scanning
• Susan Cheek Needler Breast Center
• Interventional Radiology Services
• Neuroradiology Services
• Musculoskeletal Radiology
• Diagnostic Oncology and PET/CT Imaging
• Interventional Oncology
• Cardiac CT and MRI
• Virtual CT Colonoscopy
• MRI Defecography

Quantifiable outcome

• Over 75,000 mammograms interpreted annually
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Morton Plant Mease Health SystemcoreStrategic or Co-development PartnerRAC has continuously provided radiology services to Morton Plant Mease Health System since 1960. The partnership expanded in 2004 when the radiology group servicing Mease Dunedin and Countryside Hospitals joined RAC. Together they service the entire Morton Plant Mease Health System 24/7, covering 4 hospitals and one freestanding emergency room.
• BayCare Health SystemcoreStrategic or Co-development PartnerRAC provides radiology services at BayCare outpatient imaging centers including locations at Countryside, Bardmoor, and Trinity. BayCare is a not-for-profit hospital system licensed for 1,300 total beds. RAC and BayCare together processed over 740,000 total studies in 2024.
• Siemens Medical SolutionscoreTechnology or IntegrationRAC uses Siemens medical imaging equipment including the MAGNETOM Trio 3T MRI system at Morton Plant Hospital and Mease Dunedin Hospital, and SOMATOM Sensation 64-slice CT scanner for advanced imaging diagnostics.
• HologiccoreTechnology or IntegrationRAC uses Hologic 3D tomosynthesis mammography equipment at all 3 Susan Cheek Needler Breast Center locations, along with Affirm upright and prone 3D biopsy systems, contrast enhanced mammography, and Savi Scout breast localization technology.
• Philadelphia PhilliesminorStrategic or Co-development PartnerRAC provides musculoskeletal imaging services for the Philadelphia Phillies baseball team, providing sports medicine imaging for professional athletes.
• Toronto Blue JaysminorStrategic or Co-development PartnerRAC provides musculoskeletal imaging services for the Toronto Blue Jays baseball team. Dunedin Blue Jays also receive imaging services at the Mease Dunedin location.
• Clearwater ThreshersminorStrategic or Co-development PartnerRAC provides musculoskeletal imaging services for the Clearwater Threshers minor league baseball team.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Others

• BayCare Health System: Not-for-profit health system and the primary customer/partner of RAC, licensed for 1,300 beds. Included as the most consequential relationship rather than a competitor—changes in BayCare's radiology strategy directly determine RAC's trajectory.

Direct peers

• US Radiology Specialists: PE-backed radiology platform (sponsored by Bain Capital) operating subspecialty reading groups and outpatient imaging centers nationally. Comparable as a hospital-affiliated, subspecialty-led private practice model; competes for similar health system contracts.
• Quantum Imaging & Therapeutic Associates: Private radiology practice group serving central Pennsylvania with subspecialty coverage, hospital contracts, and outpatient imaging. Closely comparable as a physician-owned, subspecialty, hospital-anchored private practice of similar scale.
• Akumin: Outpatient imaging operator with a national network of fixed-site centers, providing MRI, CT, PET/CT, mammography, and other modalities. Comparable in technology mix and women's imaging focus, though primarily an outpatient-center operator rather than a hospital-anchored practice.
• Radiology Partners: Largest PE-backed national radiology practice group in the U.S., providing hospital-based and outpatient radiology services across all subspecialties. Directly comparable to RAC's hospital-anchored, multi-subspecialty model but with vastly greater scale, geographic reach, and capital backing.
• SimonMed Imaging: One of the largest outpatient diagnostic imaging networks in the U.S., operating hundreds of centers with advanced modalities including 3T MRI, CT, and women's imaging. Comparable to RAC's outpatient imaging arm and breast center franchise.
• Center for Diagnostic Imaging (CDI): Outpatient imaging network offering MRI, CT, PET/CT, mammography, and interventional procedures across multiple states. Comparable subspecialty radiology delivery model and outpatient technology stack.

Emerging players

• Foundation Radiology Group: Private radiology practice focused on hospital contract coverage and teleradiology with subspecialty reads. Comparable business model of providing outsourced professional radiology services to community hospitals.

Broad incumbents

• Envision Healthcare: Large multispecialty medical group with a radiology division providing hospital-based and teleradiology services. Comparable hospital-contracted radiology delivery at greater scale and as part of a broader physician services portfolio.

Regional players

• Tower Radiology: Florida-based private radiology practice serving the Tampa Bay region with hospital and outpatient imaging. Directly comparable as a regional competitor in the same geography as RAC, offering similar modalities and subspecialty services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Radiology Associates of Clearwater