Radiology Inc.

What Radiology Inc. does

Radiology, Inc. is a physician-owned private radiology practice founded in 1904 and headquartered in North Central Indiana. Following its 2016 merger with LaPorte Radiology, Inc., it operates as the largest private radiology practice in the Michiana area with 30+ board-certified, subspecialty-trained radiologists delivering diagnostic and interventional radiology services across Elkhart, LaPorte, Starke, and St. Joseph counties — a combined service population of more than 600,000 residents.

The practice provides a full diagnostic imaging suite (CT, MRI, ultrasound, mammography, nuclear medicine, PET CT, X-ray, fluoroscopy, and DEXA bone densitometry) alongside interventional radiology — minimally invasive, image-guided procedures. Care is delivered through exclusive or near-exclusive coverage arrangements with multiple regional health systems (Memorial Hospital, Elkhart General, Beacon Granger within Beacon Health; Goshen Hospital; Northwest Health La Porte), supplemented by outpatient imaging centers, dedicated mammography facilities, and interventional radiology sites. ACR Lung Cancer Screening Center designation and multiple FACR physician credentials reinforce quality positioning.

Revenue is generated on a fee-for-service basis, billed to insurance payors via physician referrals; self-referral is available for screening mammography, bone densitometry, and coronary artery calcium scoring. The group is transitioning its billing operations to MSN Healthcare Solutions effective for dates of service on or after October 1, 2025, signaling an operational modernization of the revenue cycle.

Name

Radiology Inc.

Legal name

Radiology, Inc.

Website

https://rad-inc.com

Company type

Private

Founded year

1904

Operating status

Operating

Headcount range

11–50 employees

Short description

Physician-owned diagnostic and interventional radiology practice founded in 1904 in North Central Indiana, operating 30+ subspecialty-trained radiologists across multiple hospital systems and outpatient sites serving 600,000+ regional residents.

Ownership category

akta.pro rank

Product category

Diagnostic Radiology Services

NAICS

Diagnostic Imaging Centers (621512), Offices of Physicians (except Mental Health Specialists) (621111)

SIC

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

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 radiology services
• Interventional radiology
• Medical imaging
• Subspecialty radiology
• Radiology practice

Headquarters

HQ city

Mishawaka

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Radiology Diagnostic and Interventional Services: Fee-for-service radiology care billing for diagnostic imaging and interventional procedures. Services are billed to patients and/or their insurance providers. Transitioning billing vendors with Radiology, Inc. managing dates of service prior to October 1, 2025, and MSN Healthcare Solutions managing dates on or after October 1, 2025.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Radiology, Inc. is a physician-owned diagnostic and interventional radiology practice that delivers imaging services including X-ray, fluoroscopy, ultrasound, duplex, mammography, nuclear medicine, CT, MRI, and PET CT, along with minimally invasive image-guided interventional procedures (e.g., balloon angioplasty, vascular stenting, biopsies, and percutaneous drainage). The practice employs over 30 board-certified, subspecialty-trained radiologists and operates across 5 hospitals and multiple outpatient imaging centers in North Central Indiana.

Product overview

Radiology, Inc. is a multidisciplinary, physician-owned diagnostic and interventional radiology practice serving North Central Indiana since 1904. The company offers a comprehensive portfolio of imaging services spanning Diagnostic Radiology (X-ray, fluoroscopy, ultrasound, mammography, nuclear medicine, CT, MRI) and Interventional Radiology (minimally invasive image-guided procedures). The practice operates across multiple hospital locations and outpatient imaging centers, providing subspecialty services in musculoskeletal imaging, mammography and women's imaging, neuroradiology, nuclear medicine, body/MRI, and pediatric radiology. Services are delivered by Board-Certified, subspecialty-trained radiologists who provide both diagnostic imaging evaluation and minimally invasive interventional treatments.

Differentiator

Problem solved

Functional benefit

Products and services

• Diagnostic Radiology

Quantifiable outcome

• Largest private radiology practice in Michiana area with 5 hospitals and multiple outpatient clinics
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• MSN Healthcare SolutionscoreImplementation/ SI/ Consulting Partner · 1 October 2025Billing vendor partnership for dates of service on or after October 1, 2025. MSN Healthcare Solutions handles billing inquiries, payment processing, and billing records requests for services rendered on or after this date.
• LaPorte Radiology, Inc.flagshipStrategic or Co-development Partner · 1 January 2016Combined operations effective January 1, 2016 to form the largest private radiology practice in the Michiana area. The combined group services five hospitals and multiple outpatient clinics across Elkhart County, LaPorte County, Starke County, and St. Joseph County areas.
• Beacon Health SystemcoreStrategic or Co-development PartnerMajor hospital partner providing radiology services at multiple Beacon-branded locations including Memorial Hospital, Elkhart General Hospital, and various outpatient clinics. Multiple physicians recognized by Beacon Health System.
• Goshen HealthcoreStrategic or Co-development PartnerHospital partner at Goshen Hospital and various Goshen Physicians locations. Services include Goshen Outpatient Imaging Center, Goshen Retreat Women's Health Center, and Goshen Heart & Vascular Center.
• Northwest HealthcoreStrategic or Co-development PartnerHospital partner at Northwest Health La Porte and Northwest Health Starke locations. Services include interventional radiology, breast care, and urgent care imaging.
• Elkhart ClinicminorChannel Partner/ Reseller/ DistributorPartner clinic providing mammography and imaging services at Elkhart Clinic location.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Akumin: Akumin is a national outpatient imaging platform operating fixed-site diagnostic imaging centers. While its delivery model (outpatient centers) differs from Radiology Inc.'s hospital-based model, it competes for the same regional imaging volumes and contracts.
• SimonMed Imaging: SimonMed Imaging is one of the largest outpatient imaging networks in the U.S. It represents a competitive alternative for screening and diagnostic imaging referrals in regions where it operates, and is comparable in service breadth to Radiology Inc.
• Mednax (Pediatrix Medical Group): Mednax (now Pediatrix) is a national physician services organization that historically operated a large radiology services division (vRad). Its broad specialty physician services model and prior radiology focus make it a comparable large-scale practitioner, though it has since divested radiology.
• Envision Physician Services: Envision is a large national physician staffing and practice management company that has historically provided radiology coverage. Its broad specialty staffing overlap and hospital-partner model make it a relevant broad incumbent competitor.

Emerging players

• AdvancialFederal CreditUnion (Healthcare radiology group partner): Independent regional radiology practices in the Midwest (e.g., Radiology Associates of Northern Kentucky, Columbus Radiology) operate as private multi-hospital groups at comparable scale. They are relevant comparables for unit economics and growth pathways, though less likely to directly compete in North Central Indiana.
• OneOncology: OneOncology is a private oncology platform partnering with independent practices and offering cancer-related imaging services. Its PE-backed independent-practice partnership model is structurally analogous to what Radiology Inc. could face as a target and serves as a model for specialty group consolidation.

Direct peers

• LucidHealth: LucidHealth is a private radiology group built through partnerships with Midwest hospital systems. It is closely comparable to Radiology Inc. in its geographic concentration, multi-hospital contract model, and emphasis on subspecialty expertise.
• Radiology Partners: Radiology Partners is the largest private radiology practice in the United States, with thousands of radiologists serving hospitals and health systems nationwide. It pursues the same multi-hospital contract model as Radiology Inc. and represents the most likely consolidator/strategic acquirer in the space.
• US Radiology Specialists: US Radiology Specialists is a private radiology group operating across multiple states, partnering with hospitals and outpatient centers. Its model of acquiring and partnering with regional radiology practices mirrors Radiology Inc.'s structure and growth trajectory.
• Foundation Radiology Group: Foundation Radiology Group is a private radiology practice serving hospitals with diagnostic and teleradiology services. Its hospital-contract model and focus on subspecialty reads make it comparable in scale and structure to Radiology Inc.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/radiology-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Radiology Inc.