South Coast Radiology merger with Lake Imaging
After 47 years as the Gold Coast's leading radiology provider, the Partners of South Coast Radiology (SCR) are excited to announce a merger with Lake Imaging, a similar-sized independent radiology group based in Victoria and WA. The merged business will become Australia's 4th largest diagnostic radiology provider, and the country's largest clinician-owned medical imaging network.
The two culturally-aligned practices share the cornerstone foundations of high quality service provision using cutting-edge technologies in a collegiate environment to optimise patient outcomes.
A core tenet of the merged business is clinician ownership, which gives the business a competitive advantage in a marketplace dominated by larger corporate entities. The merger will also provide access to a greater knowledge base and radiology sub-specialty expertise across all facets of radiology and molecular imaging, and the SCR partners and staff are excited for the opportunities the process has created for SCR moving in the future.
Additionally, the economies-of-scale of the merged business will secure the group’s ability for continued investment in patient focussed, emerging technologies with their significant capital expenditure so that the practice can continue to provide the very highest standards of radiology for your patients.
All SCR services and staffing will remain unchanged, and all of the SCR Partners will continue to be committed equity holders and will remain an integral part of the business, and our local medical communities in the future, continuing the same focus on quality service provision for our patients and referring doctors.