Formation of US Radiology Specialists


Leerink Partners LLC acted as exclusive financial advisor to Charlotte Radiology, with McGuireWoods LLP serving as legal counsel. Ropes & Gray served as legal counsel to WCAS.

Charlotte Radiology and Welsh, Carson, Anderson & Stowe (“WCAS”) finalized the formation of US Radiology Specialists, a new venture focused on building the premier physician-owned radiology partnership in the country.

Charlotte Radiology is one of the nation’s largest and most successful radiology groups, serving the Southeast for more than 50 years. With 126 physicians and advanced care practitioners, it provides sub-specialized radiology and interventional care on a 24-hour basis across 18 hospitals, and owns and operates 14 breast centers, three mobile mammography units, two vein centers, and several vascular and interventional care sites. In addition, in a joint venture with Atrium Health, formerly known as Carolinas HealthCare System, Charlotte Radiology operates five outpatient imaging centers and two mobile MRI units. Collectively, Charlotte Radiology interprets or performs more than 1.5 million imaging studies and imaging-guided procedures each year.

Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries: technology and healthcare. Since its founding in 1979, WCAS has organized 16 limited partnerships with total capital of over $22 billion. The firm is currently investing an equity fund, Welsh, Carson, Anderson and Stowe XII, L.P., which has closed on over $3.3 billion in commitments. WCAS has a current portfolio of approximately 20 companies.

Ropes & Gray advised Welsh, Carson, Anderson & Stowe with a team including Anthony Norris (Picture), tax partner Leo Arnaboldi, finance partner Steven Rutkovsky and benefits partner Alexandra Alperovich.

Involved fees earner: Anthony Norris – Ropes & Gray; Leo Arnaboldi – Ropes & Gray; Steven Rutkovsky – Ropes & Gray; Alexandra Alperovich – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Welsh, Carson, Anderson & Stowe;

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Author: Ambrogio Visconti