Radiology outsourcing company Foundation Radiology Group has raised $1 million, according to a regulatory document.Pittsburgh-based Foundation’s latest funding comes in the form of debt and follows another $1 million fundraise that was revealed in a regulatory document earlier this year.Foundation typically doesn’t raise capital in discrete A, B and C funding rounds. Instead, the company [...]

When we last heard from Foundation Radiology Group, the radiology outsourcing company had raised $1 million last November, funding that was revealed in a regulatory document.Now the company has filed an amended regulatory document with the U.S. Securities and Exchange Commission that indicates it’s raised another $1 million.That’s consistent with Pittsburgh-based Foundation’s practices of not [...]

You might think that a market’s growth rate tumbling to about 1 percent from 10 percent a few years ago would worry the companies in that market.But not when that annual market is in the neighborhood of $175 billion annually, according to Scott Seidelmann, CEO of Cleveland-area radiology company Radisphere.“I’m not focused on the size [...]

Imaging outsourcing company Foundation Radiology Group has raised $1 million as it looks to expand its network of community hospitals.The Pittsburgh-based company isn’t following the traditional fundraising route of discrete A, B and C rounds. Rather, the company simply raises cash as needed to fuel its growth, CFO Barbara Beaudin said.Foundation was incorporated in 2006 [...]

Telemedicine is a growing field and no moreso than in radiology. The radiology outsourcing market was once was dominated by disparate, local groups, but in recent years national and regional players have begun gobbling up more and more customers. That’s made radiology outsourcing companies — which typically perform radiological services both on-site at hospitals and remotely in what’s known as teleradiolgy — an increasingly attractive target for investors.

Teleradiology company Foundation Radiology Group has capped off 2010 with a $3.5 million investment – all from existing investors. The Pittsburgh medical company raised $9.5 million in 2010. It will use the latest investment for growth.

Imaging outsourcing company Foundation Radiology Group has completed a $6 million Series A1 round, sourced from previous investors.The company plans to use the funding to expand into new markets, but Chief Financial Officer Barbara Beaudin declined to offer more specifics. Pittsburgh-based Foundation has clients in five states — Pennsylvania, New York, Virginia, Kentucky and Michigan, [...]

Louisville-based Chrysalis Ventures led the round, accompanied by Health Evolution Partners and Foundation’s management team. The company plans to use the funding to further invest in its technology and “expand its geographic footprint.”

Foundation Radiology Group picked up accreditation from the Joint Commission on the Accreditation of Healthcare Organizations — a nice piece of validation for the imaging services company and its first national accreditation.

The Pittsburgh-based imaging services company will use the $10 million to hire new radiologists and expand its diagnostic imaging and radiology service office. Chrysalis Ventures led the round, accompanied by Health Evolution Partners and another group through its Health Evolution Partners Innovation Network.