Medical imaging platform Scan.com announced Monday it has secured $220 million in combined equity and debt financing, including a $90 million series C funding round, to build the nation’s "largest" imaging network.
The $90 million equity round was led by Noteus Partners, with participation from Aviva, Concord Health Partners, YZR Capital, Oxford Capital and more. The company said $130 million of debt facilities were provided by VerisFi Capital and Atempo Growth.
“Scan.com's ability to improve access to high-quality diagnostic imaging while reducing cost and complexity is directly aligned with Concord's mission to support companies that improve quality, increase access and reduce the cost of care,” said James Olsen, Concord Health Partners managing partner, in a statement. “We look forward to supporting the Scan.com team as they continue to expand their technology-enabled network and improve how imaging is accessed and delivered across the United States.”
Launched in the U.K in 2017, the company connects payers, providers and patients to imaging centers. It expanded into the U.S. in 2023.
Scan.com co-founder and CEO Charlie Bullock said in a statement that despite approximately 600 million medical imaging scans annually in the U.S., “no national infrastructure” exists.
“Labs got that decades ago with Quest Diagnostics and Labcorp. Imaging never did, and that is what we have built,” Bullock said. “An employer, a health plan or a digital health app can now connect to imaging capacity nationwide through a single API, and their patients get scanned at a quality-checked center in days rather than weeks, at a price they can see before they schedule. This investment is about making that the standard in U.S. healthcare, rather than the exception.”
The medical imaging market is slow, expensive, fragmented and still largely offline, with 85% of scans still booked via fax or phone. Patients often wait weeks for a scan, and a national shortage of radiologists and technologists adds further pressure on the system.
Scan.com brings search, scheduling and results delivery for imaging into a single national API, integrating live and two-way with independent imaging centers' own scheduling systems and electronic medical records (EMRs).
The company plans to use funding to further expand its U.S. network of imaging providers, as well as invest in its API and agentic AI infrastructure.
AI is “deeply embedded” across the company’s platform, executives say. Referrals are matched against availability and pricing across its network, with scheduling and documentation handled autonomously. A team of care guides support the patient throughout their journey.
More than 900,000 patients have used Scan.com’s network for care globally to date, according to the company. Scan.com says revenue has doubled over the past year to surpass a $165 million annualized run rate.