Aris Acquires Pediatric Radiology of America and Expands its Pediatric Radiology Capabilities

Aris Acquires Pediatric Radiology of America and Expands its Pediatric Radiology Capabilities January 28, 2013

GREENWICH, CT and HUDSON, OH — Great Point Partners (“GPP”) today announced that its GPP I portfolio company, Aris Teleradiology has acquired Pediatric Radiology of America (“PRA”), a premier pediatric radiology services company that provides extensive pediatric subspecialty coverage. Many of the PRA radiologists are subspecialty experts in areas such as neuro-pediatrics and cardiac pediatric radiology.

Carl Kozlowski, Chief Executive Officer of Aris commented, “Aris is excited to join hands with PRA. The team at PRA has top pediatric radiologists that are vetted through a strict recruiting and quality control process. The acquisition of PRA and its client base provides Aris with the most complete portfolio of sub-specialty pediatric radiology services of any national radiology company. As Aris continues to grow nationally as a premier professional radiology services company, we will continue to differentiate ourselves by adding value. PRA like Aris is accredited by The Joint Commission and their dedication to quality first and foremost, made them the most natural fit for Aris.”

Shehnaz Pancholi, CEO and Founder of PRA added, “We are excited to join Aris and help grow their pediatric subspecialty nationally. Aris is the leading quality brand in the professional radiology space.”

PRA will be integrated into Aris and offer a deeper pediatric radiology subspecialty to all current and new Aris clients. As a part of Aris, PRA will continue to provide the same superior coverage to numerous US hospitals and continue to attract hospitals and imaging centers that are interested in furthering their pediatric subspecialty expertise. The combined company will provide teleradiology and outsourced professional radiology services to more than 125 clients in 31 states.