MedQuest

What MedQuest does

MedQuest Associates, doing business as MedQuest Imaging, is a US-based manager of outpatient diagnostic imaging facilities headquartered in Alpharetta, Georgia. The company operates a mixed network of more than 60 independent, hospital-affiliated, and mobile radiology centers on behalf of hospitals and healthcare systems, with named relationships including Novant Health (over a decade), University of Maryland Charles Regional Medical Center, and North Mississippi Health Services. Service modules include turnkey joint venture and management services, mobile MRI unit management, women's imaging services, end-to-end outpatient radiology workflow management, and freestanding outpatient imaging network development. Underlying technology is conventional diagnostic imaging equipment paired with supporting infrastructure for scheduling, billing, collections, marketing, and clinical coordination; no proprietary AI products are publicly disclosed.

MedQuest's business model is managed services revenue generated through joint venture structures and management service agreements with hospital partners. The company is compensated via management fees and/or profit-sharing arrangements, with capital burden shared between MedQuest and partner health systems to stretch partner capital dollars. Go-to-market is enterprise field sales — direct engagement with hospital C-suite and radiology leadership through decades-old industry relationships. Pricing is custom and not publicly disclosed; services are tailored per health system. In February 2026, MedQuest was acquired by Angeion, a platform backed by private equity firm Renovus, placing the company under PE ownership while the leadership team — including CEO Bruce Elder and a deep CXO bench — continues to operate the business under the MedQuest Imaging brand.

Name

MedQuest

Legal name

MedQuest Associates

Website

https://mqimaging.com

Company type

Private

Founded year

2014

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

MedQuest Associates (MedQuest Imaging) is a US-based manager of outpatient diagnostic imaging facilities operating a 60+ center mixed network of independent, hospital-affiliated, and mobile radiology sites through turnkey joint ventures and management service agreements with hospitals and health systems.

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. Joint Venture and Management Fees: MedQuest generates revenue through joint venture structures and management service agreements with hospitals and health systems. They provide comprehensive turnkey services in exchange for management fees and/or profit-sharing arrangements. Capital burden sharing with health system partners allows MedQuest to stretch partner capital dollars while generating revenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

MedQuest is a manager of outpatient diagnostic imaging facilities that operates a mixed network of more than 60 independent, hospital-affiliated, and mobile radiology centers on behalf of hospitals and healthcare systems. Its core offering is full-service outpatient imaging center management delivered through joint venture partnerships and management service agreements, covering daily operations, scheduling, marketing, billing and collections, clinical coordination, and financial support for partner imaging centers.

Product overview

MedQuest Imaging is a single unified offering — a comprehensive outpatient diagnostic imaging management platform. The core product is the MedQuest Imaging brand, which operates a mixed network of more than 60 independent, hospital-affiliated, and mobile radiology centers. This is supported by modular service components including Joint Venture and Management Services (providing turnkey JV and daily operations including marketing, billing, and collections), Mobile MRI Unit Management, Women's Imaging Services, Outpatient Radiology Workflow Management, and Freestanding Outpatient Imaging Network Development. These modules work together to deliver end-to-end outpatient radiology services for hospital and health system partners.

Differentiator

Problem solved

Functional benefit

Products and services

• MedQuest Imaging (Outpatient Imaging Center Management) Comprehensive outpatient diagnostic imaging center management for hospitals and health systems, covering daily operations, scheduling, marketing, billing and collections, clinical coordination, and financial support across a network of more than 60 imaging centers.
• Joint Venture and Management Services Full turnkey outpatient imaging center joint venture and management services, including daily operations management, marketing, billing and collections, center development, and financial and support functions for hospital and health system partners.
• Mobile MRI Unit Management Management of mobile MRI unit operations, including fleet deployment across partner health systems, as part of comprehensive outpatient radiology services.
• Women's Imaging Services Specialized imaging services focused on women's health diagnostics, delivered through MedQuest's managed outpatient imaging network.
• Outpatient Radiology Workflow Management End-to-end workflow management in outpatient radiology, including scheduling, operations, and clinical coordination across partner imaging centers.
• Freestanding Outpatient Imaging Network Development Development and maintenance of successful freestanding outpatient imaging networks in competitive markets, including acquisition and consolidation of competing imaging centers into market-leading joint ventures.

Quantifiable outcome

• Improved financial performance for hospital partners
• +2 more outcomes

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

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• University of Maryland Charles Regional Medical CentercoreStrategic or Co-development PartnerCommitted imaging center partnership where MedQuest consistently manages operations with all stakeholders' best interests in mind. Delivers high quality outcomes, top of the line customer service, and optimal financial performance. Partner for over two years, continuing to be proactive and responsive to all needs.
• Novant HealthcoreStrategic or Co-development PartnerLong-term partnership spanning over a decade managing Novant Health's entire portfolio of freestanding imaging assets. MedQuest has brought significant improvements to many facets of outpatient imaging operations, delivers remarkable patient experience, helps compete effectively for market share, runs highly efficient operations, and maximizes returns on imaging capital expenditures.
• North Mississippi Health ServicescoreStrategic or Co-development PartnerPartnership initiated less than two years ago to expand and improve outpatient imaging services footprint and operations. Accomplishments include acquiring a competing imaging center, growing and improving operations, and completing consolidation of two local imaging joint ventures into a single market-leading imaging center joint venture.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Radiology Partners: The largest physician-led radiology practice in the U.S., providing outsourced radiology services to hospitals and health systems. Comparable in serving hospital systems with diagnostic imaging coverage, though larger and physician-led rather than JV-centered.
• Touchstone Medical Imaging: An outpatient diagnostic imaging operator providing MRI, CT, ultrasound, and other services across multiple states. Comparable in operating a multi-state network of outpatient imaging centers serving physicians and patients.
• Foundation Radiology Group: A radiology services provider delivering outsourced diagnostic imaging interpretation and on-site coverage to hospitals. Comparable in providing outsourced hospital-based imaging services, though more focused on interpretation than center management.
• Akumin: A national outpatient imaging services provider operating fixed-site centers and providing radiology services to hospitals. Comparable in multi-state outpatient imaging center operations and hospital partnership model.
• RAYUS Radiology: A national outpatient imaging network operating diagnostic imaging centers, many in joint venture with hospital partners. Directly comparable in freestanding outpatient imaging delivery and JV structure with health systems.
• US Radiology Specialists: A large PE-backed outpatient imaging and radiology services platform serving hospitals, health systems, and physician practices. Comparable scale and partnership model with hospitals for diagnostic imaging delivery.
• Center for Diagnostic Imaging (CDI): A national network of outpatient imaging centers offering MRI, CT, and other diagnostic services through hospital partnerships and freestanding locations. Comparable in freestanding and hospital-affiliated imaging operations.
• SimonMed Imaging: One of the largest outpatient medical imaging providers in the U.S., operating a network of diagnostic imaging centers. Comparable in multi-modality outpatient imaging delivery at scale, though with greater direct-to-consumer emphasis.
• Outpatient Imaging Affiliates: A direct peer that partners with hospitals and health systems to develop and operate outpatient imaging centers through joint ventures. Highly comparable business model to MedQuest's turnkey JV and management services offering.

Broad incumbents

• Envision Healthcare: A large national healthcare services company providing outsourced medical services including radiology to hospitals and health systems. Comparable as a broad healthcare services partner to hospitals, though diversified well beyond imaging.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 MedQuest