Ziegler served as the exclusive financial advisor and Katten Muchin Rosenman LLP provided legal counsel to Radiology Ltd. in concert with the transaction. Ropes & Gray LLP assisted for US Radiology.
The transaction was announced on Dec. 2. Financial terms weren’t disclosed.
Radiology Ltd. provides 24-hour coverage for two of the largest hospitals in southern Arizona — Tucson Medical Center and St. Joseph’s Hospital. In addition, Radiology Ltd. operates nine ACR-accredited outpatient diagnostic imaging centers, including two full-service women’s imaging centers.
US Radiology, one of the premier physician-owned radiology groups in the country, operates more than 130 outpatient imaging centers in 13 states, bringing together high-quality subspecialized radiologists with leading outpatient operational expertise, infrastructure, and technological support.
The Ropes & Gray team advising US Radiology was led by private equity partner Anthony Norris (Picture), finance partner Steven R. Rutkovsky, tax partner Leo Arnaboldi III and benefits partner Josh Lichtenstein (all of New York) as well as health care partner Tim McCrystal(Boston).
Law Firms: Ropes & Gray;
Clients: US Radiology Specialists;