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Radiology Partners to Acquire Everlight Radiology

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Whistler Capital-backed Radiology Partners has agreed to acquire Everlight Radiology, a teleradiology provider majority-owned by UK private equity firm Livingbridge since 2021. The deal will combine Everlight’s international network of more than 800 radiologists across over 40 countries with Radiology Partners’ domestic reach in the US. The companies plan to create a global leader in teleradiology by uniting Everlight’s follow-the-sun model with v Rad, the largest teleradiology platform in the US, which has served nearly 120 million patients since 2001.

Each organization will continue serving its existing markets, with radiologists reading only where licensed and credentialed, while sharing technology and clinical standards. Radiology Partners plans to extend its AI-powered Mosaic Drafting tool to Everlight’s radiologists, pending regulatory clearance. Everlight reports 2.5 million exams annually for over 340 client organizations across the UK, Ireland, Australia, New Zealand, and South Africa.

Radiology Partners serves more than 3,400 hospitals and healthcare facilities in the US. The transaction comes amid a global radiologist shortage, with rising imaging demand outpacing workforce growth in the UK and Australia. Financial terms were not disclosed, and the deal is subject to regulatory approvals.

Rothschild & Co. and Barclays served as financial advisors, while Jones Day and Kirkland & Ellis provided legal counsel.