Smart Choice MRI taps new president, eyes expansion

MRI services provider Smart Choice MRI has appointed Roland Wikstrom as president and chief operating officer, and it also announced plans to expand beyond the Midwest.

Wikstrom comes to the newly created position after serving on Smart Choice MRI's board for two years. He has more than 25 years of senior leadership experience at companies such as Citigroup, the central bank of Norway, and BMO Harris Bank, Smart Choice said.

In related news, the company said it plans to expand outside of the Midwest in 2017. Smart Choice, which offers MRI scans for an all-inclusive fee of $600 or less, will also have 19 clinics operating in Wisconsin, Illinois, and Minnesota by the end of this year.

Smart Choice said it has raised $14.5 million in capital to support its growth plans in Illinois, Minnesota, and elsewhere in the U.S. The financing was provided primarily by Wisconsin healthcare system ThedaCare and Edward-Elmhurst Health of Naperville, IL.

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