Foundation Radiology Group


Teleradiology provider Foundation grabs another $1M investment

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, […]


Teleradiology group Foundation adds another $1M in funding

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 […]


Telemedicine provider Foundation Radiology raises $1M

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 […]

Devices & Diagnostics

Technology advances, cost pressures fuel rise of national radiology groups

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.


Imaging outsourcing firm Foundation Radiology completes $6M Series A1

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 […]