5th Century Partners Acquires Radon Medical Imaging

Radon Medical Imaging Acquires Alpha Imaging

November 19, 2024

Healthcare Services

Radon Medical Imaging, a PE-backed independent service organization, acquired Alpha Imaging of Willoughby, Ohio in an add-on transaction closed in October 2024. The deal expands Radon's geographic footprint and service and distribution capabilities in medical imaging equipment across the eastern U.S.

Radon Medical Imaging Acquires Premier Imaging Medical Systems

January 24, 2023

Healthcare Services

Radon Medical Imaging has acquired Premier Imaging Medical Systems, a Rome, Georgia-based provider of maintenance, repair and sales of new, used and refurbished medical imaging and biomedical equipment. The deal — Radon's first add-on since its recapitalization by 5th Century Partners — expands Radon's service offerings and strengthens its presence across the southeastern United States.

Radon Medical Imaging Acquires Tristate Biomedical Solutions

July 11, 2023

Healthcare Services

Radon Medical Imaging has acquired Tristate Biomedical Solutions (TBS), a Franklin, Ohio-based provider of new, used and refurbished imaging and biomedical equipment with strengths in C-Arms and X-Ray systems. The add-on deal expands Radon's biomedical and C-Arm capabilities and extends its geographic footprint across Ohio, Indiana, Kentucky and Louisiana; Tristate founder Tyler Thornberry will join Radon's leadership and remain a shareholder.

Radiology Partners Acquires MEDNAX Radiology Solutions

December 16, 2020

Healthcare Services

Radiology Partners completed the acquisition of MEDNAX Radiology Solutions, a division of MEDNAX, Inc., in a transaction valued at approximately $885 million that closed December 15, 2020. The deal brings hundreds of MEDNAX radiologists and support staff into Radiology Partners, expanding clinical coverage, subspecialty capabilities and technology resources across the combined organization.

Radiology Partners Raises $720M Growth Equity and Completes Debt Refinancing

February 22, 2024

Healthcare Services

Radiology Partners closed approximately $720 million of growth equity from existing and new investors and completed an exchange offer and amendment to its credit facilities, extending debt maturities into 2028–2030. The transactions meaningfully reduced leverage and leave the practice with more than $500 million of cash and liquidity to fund expanded clinical services and investments in technology and AI.

Medica Group PLC Acquires RadMD

March 22, 2021

Healthcare Services

Medica Group PLC has acquired RadMD, a Philadelphia-based Imaging Contract Research Organisation (iCRO). The acquisition gives Medica entry into the clinical trials market and diversifies its customer base and geographic operations, combining Medica’s teleradiology capabilities with RadMD’s imaging expertise and reader network.