Grovecourt Capital Partners has announced its acquisition of Premier Radiology Services, a leading provider of teleradiology services. Based in Miami, FL, Premier interprets approximately two million medical images annually for a wide range of mobile imaging providers, occupational health centers, urgent care providers, and outpatient clinics. Image courtesy: Getty Images
June 13, 2023 – Private equity firm Grovecourt Capital Partners has announced its acquisition of Premier Radiology Services, a national teleradiology company based in Miami, FL.
A news release issued June 12 by the West Palm Beach, FL company noted that Premier Radiology Services has established itself as a trusted name in the industry since 2006, providing reliable and accurate interpretations of medical images to patients in 48 states through its innovative technology-enabled platform. It further added that Premier is a leading provider of teleradiology services offering 24/7 coverage across a range of modalities and sub-specialties. With a network of about 100 radiologists, it reports that Premier interprets approximately two million medical images per year for a wide range of customers, serving the needs of mobile imaging providers, occupational health centers, urgent care providers, and outpatient clinics.
"We are thrilled to partner with Drew Gaudet and the talented team at Premier Radiology Services," said Matt Bergin, Managing Partner at Grovecourt. "Premier's expertise as a market leader in teleradiology aligns perfectly with our strategy of improving patient care and delivering best-in-class quality service for customers in the healthcare services sector,” noted Bergin, who added, “We’re excited to work with Premier to provide support and capital to accelerate the company’s growth trajectory."
"Joining forces with Grovecourt Capital Partners is an exciting opportunity for Premier,” said Drew Gaudet, CEO of Premier. He continued, “With this partnership, Premier is thrilled to be able to grow while remaining focused on fulfilling our mission. With Grovecourt by our side, we will attract even more skilled radiologists as we continue to invest in our technology and our talented team.”
"Premier Radiology Services has developed an exceptional customer base, bolstered by a world-class network of radiologists, while demonstrating a remarkable track record of growth, said Alex Vargas, Managing Partner at Grovecourt Capital Partners. “We look forward to strengthening Premier’s position as a leader in teleradiology by supporting its organic growth initiatives as well as through strategic M&A," Vargas added.
Financial terms of the transaction were not disclosed.
More information: www.premierradiologyservices.com