Commonwealth Radiology Associates

What Commonwealth Radiology Associates does

Commonwealth Radiology Associates (CRA) is a 100% physician-owned private practice radiology group headquartered in Andover, Massachusetts, and described as the largest private practice radiology group in Massachusetts. The practice provides the full scope of diagnostic and interventional radiology services, including MRI, CT, ultrasound, nuclear medicine, PET/CT, 3D mammography (digital breast tomosynthesis), fluoroscopy, X-ray, low-dose CT lung cancer screening, coronary CT angiography, orthopedic injections, and a broad vascular and interventional radiology procedure menu. CRA's business model is professional-services based: it contracts with hospital systems to operate radiology departments, provides 24/7 ER coverage, and supports both on-site interpretation and remote teleradiology reading, with billing handled through Healthcare Administrative Partners. Its go-to-market is enterprise field sales to hospital and health-system procurement, supplemented by a physician-recruitment GTM targeting fellowship-trained radiologists to partnership-track roles.

CRA serves roughly 20 hospital campuses and outpatient imaging centers across northeastern Massachusetts, southern Maine, and southern New Hampshire, anchored by exclusive or long-term relationships with Tufts Medical Center, Lowell General Hospital, MelroseWakefield Hospital, Lawrence Memorial Hospital, Circle Health, York Hospital, and Heywood Healthcare. In 2024 it extended beyond diagnostic reads by opening a state-of-the-art outpatient Vascular + Vein Center in Lowell, MA, in joint venture with Tufts Medicine and The Vascular Care Group. The practice is led by a Board of Directors and physician C-suite (President Akira Murakami, M.D.; CIO M. Elon Gale, M.D., FACR; CTO Jakub Reczek, M.D., MBA; Chief of Physician Operations Joseph Barry, M.D.), operates a partnership-track model with equity participation in a dedicated capital holdings LLC that invests in freestanding imaging centers and office-based laboratories, and is HIPAA-compliant with No Surprises Act billing practices. The firm is private, with no disclosed institutional or PE ownership, and is actively expanding through incremental hospital-partnership wins rather than acquisition-based roll-up.

Name

Commonwealth Radiology Associates

Legal name

Commonwealth Radiology Associates

Website

https://commonwealthradiologyassociates.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Commonwealth Radiology Associates is a 100% physician-owned private practice radiology group providing comprehensive diagnostic imaging and interventional radiology services to hospital systems and outpatient centers across northeastern Massachusetts, southern Maine, and southern New Hampshire.

Ownership category

akta.pro rank

Product category

Diagnostic and Interventional Radiology Services

NAICS

Diagnostic Imaging Centers (621512), Ambulatory Health Care Services (621)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093)

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 radiology services
• Interventional radiology procedures
• Teleradiology interpretation
• Breast imaging services
• Vascular and vein care

Headquarters

HQ city

Andover

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Hospital Radiology Services: CRA provides comprehensive radiology services to hospital partners and operates hospital radiology departments independently. Revenue is generated through professional radiology services billed to patients and insurance providers via Healthcare Administrative Partners.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Commonwealth Radiology Associates is a 100% physician-owned private practice radiology group that delivers comprehensive diagnostic imaging (MRI, CT, Mammography, Ultrasound, Nuclear Medicine/PET-CT, Fluoroscopy, X-Ray) and minimally invasive image-guided interventional radiology services to hospital systems and outpatient imaging centers across northern New England. The practice combines on-site radiology coverage with teleradiology, providing 24/7 ER radiology and subspecialty reads across multiple hospital campuses.

Product overview

Commonwealth Radiology Associates operates as a radiology practice offering a comprehensive suite of diagnostic imaging and interventional radiology services. The portfolio includes Vascular & Interventional Radiology, CT (with lung cancer screening, cardiac scoring, and coronary angiography), Breast Imaging (with 3D tomosynthesis, MRI, and biopsy), MRI (including MR Angiography), Nuclear Medicine/PET-CT, Fluoroscopy, Orthopedic Injections, and X-Rays. The practice also operates a specialized Vascular + Vein Center in Lowell, MA. Services are delivered through multiple hospital campuses and outpatient imaging centers across Massachusetts and Maine.

Differentiator

Problem solved

Functional benefit

Products and services

• Vascular & Interventional Radiology Minimally invasive, image-guided procedures for diagnosing and treating vascular, oncologic and pain conditions, including angioplasty, stenting, atherectomy, thrombolysis, endovenous radiofrequency ablation, chemoembolization, Y-90 embolization, microwave ablation, kyphoplasty, TIPS, uterine fibroid embolization, and prostatic artery embolization, for hospital partners and referring physicians.
• Computed Tomography (CT) Three-dimensional imaging using x-ray beams rotated around the patient, including lung cancer screening with low-dose CT (LDCT), cardiac calcium scoring, and coronary CT angiography to detect nodules, plaque and cardiovascular disease.
• Breast Imaging Comprehensive breast imaging services including digital breast tomosynthesis (3D mammography), screening and diagnostic mammography, breast ultrasound, breast MRI, and needle biopsy procedures, for hospital partners, outpatient imaging centers and patients.
• Magnetic Resonance Imaging (MRI) Imaging modality using magnetic fields and radio waves to create detailed images of the brain, joints, spinal cord, breasts, blood vessels and internal organs without ionizing radiation, including MR Angiography.
• Nuclear Medicine Imaging using small amounts of radioactive materials (radiotracers) to evaluate organ and tissue function, including PET/CT scans for cancer, heart disease and brain disorders.
• Fluoroscopy Real-time X-ray imaging producing continuous video of internal organs, used for barium X-rays, cardiac catheterization, arthrography, and various diagnostic and therapeutic procedures.
• Orthopedic Injections Image-guided diagnostic and therapeutic injections for joints including arthrography for cartilage evaluation and therapeutic injections for pain relief in hip, shoulder and ankle.
• Vascular + Vein Center State-of-the-art outpatient facility in Lowell, MA providing advanced diagnostic and therapeutic vascular interventions and vein treatments, operated in partnership with Tufts Medicine and The Vascular Care Group.

Quantifiable outcome

• Over 60 RVU/shift volume for radiologists
• +2 more outcomes

Named customers7 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

Feature5 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Heywood HealthcarecoreStrategic or Co-development Partner · 10 June 2025CRA provides comprehensive radiology services to Heywood Healthcare facilities in Massachusetts and New Hampshire, including Heywood Hospital (134-bed), Athol Hospital (25-bed), and 9 satellite facilities. CRA began coverage February 1, 2025 and assumed management June 1, 2025.
• York HospitalcoreStrategic or Co-development Partner · 6 July 2023CRA provides comprehensive radiology services to York Hospital in York, Maine. CRA independently operates the Department of Radiology at York Hospital. Senior York Hospital radiology staff were retained and employed by CRA. Partnership began July 1, 2023.
• Tufts MedicinecoreStrategic or Co-development PartnerCRA is an exclusive partner of Tufts Medical Center, the primary teaching hospital of Tufts University School of Medicine. This partnership combines private practice radiology with academic medicine, providing academic-level diagnostic imaging and interventional services within the community practice setting.
• The Vascular Care GroupcoreStrategic or Co-development PartnerCRA partnered with Tufts Medicine and The Vascular Care Group to open a state-of-the-art outpatient Vascular + Vein Center in Lowell, MA. The center provides advanced diagnostic and therapeutic vascular services including vascular interventions and vein treatments.
• Healthcare Administrative PartnerssupportingOthersCRA uses Healthcare Administrative Partners as its exclusive billing vendor for professional radiology services. The mailing address for billing inquiries is c/o Healthcare Administrative Partners, 300 Brickstone Square Suite 201, Andover, MA 01810.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Shields Health Solutions: Large regional radiology and imaging services group operating across New England with hospital partnerships. Directly comparable on geography, service mix (MRI, CT, ultrasound, interventional), and outpatient imaging center footprint.
• Foundation Radiology Group: Multi-state private practice radiology group offering on-site and teleradiology coverage to community hospitals. Comparable subspecialty reads, teleradiology workflow, and hospital contract structure.
• New England Radiology (NER): Independent regional private practice radiology group serving New England hospitals and outpatient centers. Closest competitor in scale, geography, and multi-modality diagnostic radiology service model.

Regional players

• Sturdy Health Radiology (Sturdy Memorial): Community hospital-based radiology practice serving the Attleboro/MA area. Comparable community-hospital radiology coverage model with multi-modality imaging services.
• Baystate Radiology: Hospital-based radiology practice affiliated with Baystate Health in western Massachusetts. Comparable academic-community hybrid radiology model across multiple hospitals and imaging centers in the same state.

Others

• Tufts Medical Center: Academic medical center and primary teaching hospital of Tufts University School of Medicine; exclusive partner of CRA. Provides academic affiliation and is a major service anchor rather than a competitor.
• York Hospital: Community hospital in Maine whose Department of Radiology is operated by CRA. Customer/partner relationship rather than a competitor — illustrates CRA's hospital coverage model.

Broad incumbents

• UMass Memorial Medical Group (Radiology): Academic hospital-based radiology group in central Massachusetts providing full diagnostic and interventional radiology. Overlaps on geography (MA), service mix, and academic-community model.
• Radiology Partners: Largest physician-led radiology practice in the US, PE-backed, operating across 30+ states with thousands of radiologists. Competes for hospital radiology contracts and outpatient imaging services at scale.
• Mass General Brigham Radiology: Academic radiology department of the largest hospital system in Massachusetts. Comparable full diagnostic and interventional subspecialty depth; competes for advanced imaging referrals in the same Boston-area market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/CRARadiology
• Facebookfacebook.com/CRARadiology
• LinkedInlinkedin.com/company/commonwealth-radiology-associates

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Commonwealth Radiology Associates