Daily News: May 24, 2019

Ziegler Advises Greensboro Radiology on New Partnership


Ziegler, a specialty investment bank, served as the exclusive financial advisor to Greensboro Radiology on its partnership with Radiology Partners.

“The Greensboro Radiology team has built an impressive platform, gaining national recognition and respect,” said Andrew Colbert, managing director in Ziegler’s Corporate Finance practice and lead banker on this transaction.

Greensboro Radiology was established through the consolidation of four leading radiology groups in the region over a span of ~20 years, and is ranked among the top 30 practices in the country on the Radiology Business Journal’s Radiology 100. The group has a long-standing foundation in the Triad region of North Carolina, having provided high-quality radiology services for 40+ years. Today, the practice serves 50+ hospitals and imaging centers, and holds key strategic relationships with Cone Health, UNC Health Care, Wake Forest Baptist Health and Randolph Health.

This transaction broadens Radiology Partners’ presence in the North Carolina market. As a result of the partnership, Greensboro Radiology will collaborate and implement solutions designed to improve clinical, operational and financial performance, and enhance the patient experience.

Michael Lee and team at Reed Smith served as legal counsel to Greensboro Radiology.