Latest news with #DesertImaging
Associated Press
a day ago
- Business
- Associated Press
Panos Partners Announces El-Paso Market Acquisition to its Texas-Based Diagnostic Imaging Platform
Add-On Grows Diagnostic Imaging Centers of Texas Platform to Twenty-Three Locations Across Texas DALLAS, TX, UNITED STATES, June 27, 2025 / / -- Panos Partners, LLC ('Panos'), a private equity firm based in Dallas, announced that its healthcare services platform, Diagnostic Imaging Centers of Texas ('DICOT'), has acquired El Paso based Desert Imaging. Simultaneously with the acquisition of Desert Imaging, Panos alongside its financial and capital market partners recapitalized DICOT and closed a newly formed special purpose vehicle designed to more efficiently finance longer dated LOP receivables. DICOT is a leading provider of diagnostic and pain management services in 5 Texas markets, with a total of 23 locations. Bryan Scott, Managing Partner and Founder at Panos commented, 'We are excited about welcoming Desert Imaging to the DICOT family of brands. This business combination creates opportunity for incremental revenue generation by providing patients with greater access to litigation-based healthcare. DICOT's recapitalization and new line of credit will provide liquidity for it to continue its growth and mission of providing outpatient diagnostic imaging and pain management services throughout Texas.' The CEO of the Diagnostic Imaging Centers of Texas Todd Greene said, 'Desert Imaging aligns seamlessly with our platform strategy. We're excited to partner with their leadership team as they continue delivering diagnostic imaging services across El Paso and pursue growth in litigation-funded healthcare offerings. It's a pleasure collaborating with the Panos team and their trusted capital partners.' About Panos Partners Formed in 2016, Panos is a Dallas-based private equity sponsor focused on making investments in middle-market healthcare and business services companies. Panos' managing partners are seasoned operating executives who have a track record of building businesses and assisting entrepreneurs grow their enterprises. Panos has $200M+ in assets under management. Bryan Scott Managing Partner and Founder email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
02-04-2025
- Business
- Yahoo
El Paso hospital to pay over $3M to resolve allegations of improper billing for medical services
EL PASO, Texas (KTSM) — Several people and entities will pay a total of $3.1 million to resolve allegations of improper billing for medical imaging services at a surgical hospital in El Paso, the U.S. Attorney's Office for the Western District of Texas announced in a news release. The Attorney's Office said that Desert Imaging Services, L.P., In Tandem Solutions Group, LLC, and Leroy Candelaria agreed to pay the U.S. $693,913; Donald Burris and Vox Intus, LLC agreed to forfeit $325,000; and East El Paso Physician's Medical Center, LLC, doing business as Foundation Surgical Hospital of El Paso, agreed to the entry of a consent judgment of $2,081,739. The U.S. Attorney's Office says that the settling parties 'engaged in an illegal kickback and pass-through billing scheme, in which Desert Imaging used Foundation Surgical Hospital's National Provider Identifier (NPI) to submit claims for medical imaging services,' according to the news release. The U.S. Attorney's Office said that although the patients who received these services had no connection with the hospital, billing the claims as hospital outpatient services allowed Desert Imaging to obtain a higher rate of reimbursement from federal healthcare programs. In exchange for allowing Desert Imaging to use its NPI, Foundation Surgical Hospital retained 17 percent of the payments on the claims, according to the news release. 'The settlements announced today resolve a lawsuit filed under the qui tam or whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and share in a portion of the government's recovery,' read the news release. The Attorney's Office said that the claims resolved by the settlement are allegations only, and there has been no determination of liability. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
