Akumin Inc.

Employment

Not publicly disclosed. Fixed-site employed rads likely on salary model. Outsourced hospital rads likely on productivity/per-read contract. C-suite instability post-bankruptcy (2+ CEO changes 2024–2025) suggests ongoing operational flux.

History

Founded 2014 in Plantation, FL by Riadh Zine. Pre-Alliance: ~175 rads, 125+ centers, ~$250M revenue. Acquired Alliance Healthcare Services (Sep 2021) for ~$820M, creating ~$730M+ revenue combined company with 1,000+ hospital partners and 230 imaging/oncology centers. Filed Chapter 11 bankruptcy Oct 2023 following ransomware attack and operational challenges; discharged ~$470M debt. Emerged Feb 2024 under Stonepeak ownership. Multiple CEO/CFO changes post-bankruptcy. Developing 'Akumin AXIS' relocatable mobile imaging units (unveiled Dec 2024). Partners with 23 of top 30 U.S. health systems. UPDATES (2025): • Dec 2025: Akumin entered support agreement with noteholders and Stonepeak to restructure remaining debt. Exchange offer launched Jan 2026 for new 2031 notes. Stonepeak committed $154.5M new capital. • Nov 2024: Multi-year strategic alliance with United Imaging (equipment/technology). Plantation FL site being transformed into "Imaging and Radiology Command Center" (opened Q1 2025). • Launched Akumin AXIS — relocatable/expandable outpatient center model (Dec 2024). • Stonepeak reportedly pursuing acquisition of I-MED (Australian radiology network, 270 clinics) for ~$1.9B — would create global radiology platform; I-MED has ~350 radiologists in AU/NZ (May 2025 reporting). • Current network: ~120 fixed-site locations; ~1,000 hospital partnerships across 47 states; 3 segments: Fixed TC+PC (~120 sites), outsourced hospital reads (PC-only, ~1,000 hospitals), radiation oncology (~34 centers).

Technical Component

Owns ~120 fixed-site outpatient imaging and radiation oncology centers (TC). Hospital outsourcing arm (from Alliance Healthcare Services acquisition) provides PC reads only — does not own hospital imaging equipment.