Panos Partners Recapitalizes Memorial MMRI & Diagnostic; Backcast Partners Provides Financing

Memorial MRI & Diagnostic Acquires Prime Diagnostic Imaging and Foundation Physicians Group

September 23, 2021

Healthcare Services

Memorial MRI & Diagnostic, the healthcare services platform backed by Dallas-based private equity firm Panos Partners, acquired Dallas-Fort Worth-based Prime Diagnostic Imaging and its pain management arm, Foundation Physicians Group. The add-on expands Memorial's footprint to 17 locations across the Dallas-Fort Worth and Houston metroplexes and was supported by additional capital from Backcast Partners.

Caymus Equity Partners Leads Recapitalization of Pan‑Am Dental

December 1, 2019

Dental

Caymus Equity Partners, together with Midwest Mezzanine Funds, RGA Private Debt & Equity and Pan‑Am Dental management, completed a recapitalization of Pan‑Am Dental, a full‑service outsourced dental laboratory headquartered in Savannah, Georgia. The transaction provides Pan‑Am with capital to expand its product portfolio, grow into new geographies and pursue future add‑on acquisitions while management retained a significant equity stake.

Parthenon Capital Makes Strategic Growth Investment in Medical Review Institute of America

July 8, 2024

Healthcare Services

Parthenon Capital has made a strategic growth investment in Medical Review Institute of America (MRIoA), a Salt Lake City–based provider of utilization management and clinical review solutions for payers. Summit Partners and MRIoA management will retain significant positions following the transaction; financial terms were not disclosed. Mizuho (and affiliate Greenhill & Co.) served as MRIoA's financial advisor and Kirkland & Ellis advised Parthenon.

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.

Cresset Partners, Cedar Pine and American Discovery Capital Recapitalize American Pain Consortium

January 4, 2024

Healthcare Services

Cresset Partners, Cedar Pine and American Discovery Capital completed a recapitalization of American Pain Consortium (APC). APC, based in Indianapolis, is a growing network of interventional pain management practices and pain-focused ambulatory surgical centers; the transaction is intended to support APC's platform growth and expansion in the interventional pain management sector.

Harbour Point Capital Recapitalizes Midwest Medical Transport

January 26, 2022

Healthcare Services

Harbour Point Capital completed a recapitalization investment in Midwest Medical Transport (MMT), partnering with healthcare veteran Kevin Ketzel. Prior investors Panorama Point Partners, Dixon Midland Company and ORIX Private Equity Solutions sold their interests; the transaction will provide capital and strategic support to accelerate MMT's geographic expansion and growth across health systems.