- Capitala Group and Siguler Guff provided financing for the transaction
- Premier has a network of about 100 radiologists
- Based in West Palm Beach, Florida, Grovecourt Capital Partners invests in the lower middle market
Grovecourt Capital Partners has acquired Miami-based Premier Radiology Services, a provider of teleradiology services. No financial terms were disclosed.
On the deal, Alex Vargas, managing partner at Grovecourt Capital Partners, said in a statement, “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. 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.”
Greenberg Traurig acted as legal advisor to Grovecourt. Capitala Group and Siguler Guff provided financing for the transaction.
With a network of about 100 radiologists, Premier interprets approximately 2 million medical images per year for a wide range of customers.
Based in West Palm Beach, Florida, Grovecourt Capital Partners invests in the lower middle market. The private equity firm focuses on business services, healthcare services, communication services, and industrials.