DEERFIELD, Ill., July 13 /PRNewswire/ -- American Imaging Management (AIM), a leader in radiology benefit management, announced that Providence, R.I.-based Nautic Partners LLC, a private equity firm, acquired AIM and its parent company International Radiology Group late last month. The new entity has begun operating as AIM Holding Company LLC.
AIM helps insurers and healthcare providers promote the appropriate use of high-tech diagnostic imaging services such as MRI, CT, PET and Nuclear Cardiology. AIM works with premier healthcare clients across the country, including many Blue Cross Blue Shield plans, CIGNA and several provider-owned health plans.
"We chose to partner with AIM because of the company's intense focus on client service and innovation," said Chris Crosby, principal at Nautic Partners. "AIM continues to invest in new strategies and technologies that enable it to take diagnostic imaging management to the next level and capitalize on opportunities in the marketplace."
Research shows that the diagnostic imaging market is approximately $100 billion and growing at 25 percent to 30 percent a year.
"Nautic's decision to partner with AIM highlights our leadership in the marketplace and underscores our reputation as the intelligent management solution for diagnostic imaging services," said David Harrington, chairman and CEO, AIM Holding Company LLC. "This acquisition simplifies our management structure, enabling AIM to respond quickly to market changes and provide innovative solutions to meet our clients' unique needs."
AIM Holding Company will continue to invest in Web-based technology that delivers superior, customized service to health plans and providers.
About Nautic Partners LLC
Founded in 1986, Providence, R.I.-based Nautic Partners has about $1.8 billion of capital under management, including having made 13 healthcare investments in such companies as health management services provider AxiaHealth Management, pressure ulcer and temperature management product maker Gaymar Holding Co., dental and vision plan administrator CompBenefits Corp. and hospital information technology outsourcer PHNS.
About American Imaging Management
Founded in 1989, Deerfield, Ill.-based AIM was the first company to focus exclusively on management of outpatient diagnostic imaging services. Since its inception, AIM has developed proven management programs to assist health plans in promoting the most appropriate use of outpatient diagnostic imaging services. AIM's programs help manage diagnostic imaging services for more than 10 million people on behalf of health insurers across the United States.
American Imaging ManagementCONTACT: Neepa Patel of AIM Holding Company LLC, +1-847-559-6746,pateln@americanimaging.net , or Marybeth Roberts of Porter Novelli,+1-760-294-6958, marybeth.roberts@porternovelli.com