Coker Capital



Coker Capital Advisors Advises Southwest Diagnostic Imaging in Sale to Radiology Partners

Atlanta, GA/Charlotte, NC – Coker Capital Advisors is pleased to announce that Southwest Diagnostic Imaging, Ltd. ("SDI" or the "Company") has completed its previously announced partnership with Radiology Partners ("RP"), the largest and fastest-growing physician-led radiology company in the United States.

Arizona-based SDI is one of the largest independent radiology practices in the country with over 120 practicing physicians. This partnership generates approximately 25% growth for RP, raising it to a combined strength of over 525 radiologists serving 400 sites in 10 states.

"We are proud and excited that SDI has chosen to join our practice," said Rich Whitney, Chairman and CEO of Radiology Partners. "They have a long history of providing outstanding inpatient and outpatient imaging services to communities throughout the greater Phoenix metropolitan area. Not only is SDI a leading radiology practice in Arizona, they have also established themselves as a leader and an important benchmark for radiology practices nationally. SDI’s emphasis on clinical innovation, dedication to patient care, and their vision for the future of the field aligns closely with our own. The injection of their ideas and talent into Radiology Partners will advance our mission to transform radiology."

Coker Capital ran a highly competitive process to identify the optimal partner for the physicians and negotiated the key terms of the transaction. "In selecting Coker Capital as our financial advisor, we were able to work with a committed team of highly experienced professionals that delivered an outstanding outcome for our practice and the physician shareholders," said Dr. Rod Owen, Co-Executive Vice President of SDI.

"The team at Coker Capital made invaluable contributions to the success we experienced. They worked collaboratively throughout the process to educate physicians on the key economic and non-economic terms and always put SDI’s interest first by providing an unparalleled level of client attention, dedication and creativity," added Dr. Chris Dewald, Co-Executive Vice President of SDI.

"We are thrilled with the outcome," said Dr. James Lyons, Co-Executive Vice President of SDI. "The partnership with RP exceeds the goals of our shareholders and allows us to continue providing clinical excellence to patients."

About Southwest Diagnostic Imaging

One of the largest practices in the nation and Arizona’s largest radiology group,

SDI was founded in 2004 through the merger of two longstanding Phoenix-area practices, Scottsdale Medical Imaging and Valley Radiologists. A third large practice, East Valley Diagnostic Imaging, joined in 2014. SDI has the privilege of serving the two largest health systems in Maricopa County: Banner Health and HonorHealth. Known for providing outstanding care, SDI is a recognized leader in both inpatient and outpatient imaging. SDI is also a founding member of Strategic Radiology, a national coalition of radiology practices. For additional information on SDI, visit the practice’s website at

About Radiology Partners

Radiology Partners, the largest physician-led and physician-owned radiology practice in the United States, is a multi-state, hospital-based practice serving more than 400 hospitals and other healthcare facilities across Arizona, Georgia, Illinois, Indiana, Iowa, Kentucky, North Carolina, Ohio, Oklahoma, and Texas. Radiology Partners is a physician-led practice whose mission is to transform radiology by innovating across clinical value, service and economics, while elevating the role of radiology and radiologists in healthcare. Using a proven healthcare services model, Radiology Partners provides consistent, high-quality care to patients while delivering enhanced value to hospitals, clinics, imaging centers, and referring physicians. Radiology Partners is a portfolio Company of New Enterprise Associates (NEA) and Future Fund (the sovereign wealth fund of Australia). Learn more at

About Coker Capital Advisors

Coker Capital Advisors is a healthcare-focused investment bank offering mergers and acquisitions, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm’s website is

Securities services provided by a registered broker-dealer. Coker Capital Securities, LLC, doing business as Coker Capital Advisors, was acquired by Fifth Third Securities, Inc. in February of 2018.