Done correctly, radiology mergers can have a dramatic and positive impact on operations, and organizations are embracing the strategic merger concept while eschewing traditional asset transfer deals. The goal? Reduce the cost and complexity of a transaction while preserving the benefits of independence, which also allows each individual practice of the merged entity to still “eat what they kill” and be financially rewarded for their hard work.
Merge light agreements give groups the opportunity to share a tax ID number, a board of directors, and an executive committee while retaining their original compensation, benefits, and management structures.
Part two of this series illustrates how two competing radiology groups successfully and harmoniously merged together while maintaining their autonomy, reducing procedural and operational touch points, and streamlining contracts.