Loading organizations...
§ Private Profile · Pittsburgh, PA, USA
A radiology group providing diagnostic imaging services for hospitals and healthcare institutions, using on-site and teleradiology.
Based in Pittsburgh, Pennsylvania, Foundation Radiology Group provides diagnostic imaging professional services through a hybrid model of on-site radiology and teleradiology solutions. The company operates across ten states, delivering continuous subspecialty readings for more than 30 hospitals, outpatient imaging centers, and urgent care facilities. Operating with a workforce of 51 to 100 employees, the enterprise secured a total of $24.1 million in venture funding to support its clinical operations. As the first multi-institutional radiology group accredited by the Joint Commission, the firm established exclusive multi-year contracts with rural and suburban healthcare providers. The organization's financial backers included notable institutional investors such as Chrysalis Ventures and Health Evolution Partners prior to its eventual acquisition by RAYUS Radiology in July 2021. Foundation Radiology Group was founded in 2006 by Derek Armfield, Koleman Karleski, Tushar Ramani, and Roy Ziegler.
Foundation Radiology has raised $30.5M across 6 funding rounds.
Foundation Radiology has raised $30.5M in total across 6 funding rounds.
Foundation Radiology has raised $30.5M in total across 6 funding rounds.
Foundation Radiology's investors include Evan Travis, Chrysalis Ventures, Health Evolution Partners, Koleman Karleski, Roy Ziegler.
Foundation Radiology has raised $30.5M across 6 funding rounds. Most recently, it raised $6.0M Debt in July 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 8, 2013 | $6M Debt Financing | Evan Travis | — | Announced |
| Nov 18, 2011 | $1M Venture Round | — | Chrysalis Ventures, Health Evolution Partners | Announced |
| Jan 4, 2011 | $3.5M Venture Round | Chrysalis Ventures, Health Evolution Partners | — | Announced |
| Jul 13, 2010 | $6M Series A | Chrysalis Ventures | Health Evolution Partners | Announced |
| Feb 1, 2010 | $4M Series A | Koleman Karleski | Health Evolution Partners | Announced |
| Apr 15, 2009 | $10M Venture Round | Koleman Karleski | ROY Ziegler | Announced |