Schryver Medical Sales and Marketing LLC, a portfolio company of Revelstoke Capital Partners, has closed its buy of Quality Mobile X-Ray Services Inc. No financial terms were disclosed. Based in Nashville, Quality is a provider of mobile diagnostic x‐ray services.
DENVER–(BUSINESS WIRE)–Schryver Medical Sales and Marketing, LLC (“Schryver”), a portfolio company of Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed the acquisition of Quality Mobile X-Ray Services, Inc. (“Quality” or the “Company”).
Schryver, headquartered in Denver, Colorado, is a JCAHO accredited provider of mobile imaging diagnostics, clinical laboratory services, oxygen therapy and durable medical equipment rental. Schryver serves nearly 2,400 long term post-acute facilities, assisted-living centers, and skilled nursing facilities, as well as numerous homecare patients. Schryver’s significant value proposition and service line diversity have resulted in long term customer relationships and a superior brand reputation.
Based in Nashville, Tennessee, and employing approximately 100 professionals, Quality is a leading regional provider of mobile diagnostic x‐ray services, as well as mobile ultrasound and other diagnostic testing services to the southern United States. The Company provides its services primarily in Middle and Western Tennessee, as well as certain counties in Kentucky, Alabama, Mississippi, and Arkansas. The Company serves approximately 400 facilities in the following markets: long term care facilities, state prison and jail systems, assisted living centers, home health companies, and various public institutions.
“We are excited to bring a regional leader in the mobile diagnostic x-ray services industry within the Schryver umbrella,” said Doug Goetz, CEO of Schryver. “The Quality acquisition expands our operations into five new states and opens the door to a distinct geography in the southeastern United States. Quality serves as an important step in our continued effort to grow the Schryver footprint and offer superior services at a national level.”
“The resources and expertise that Schryver has leveraged in building its reputation as a market leader will translate into continued success in these new markets,” commented Mark King, CEO, Managing Partner and Co-Founder of Revelstoke.
Perkins Coie LLP and Winston & Strawn LLP acted as legal advisors to Schryver and Baker Donelson P.C. acted as legal advisor to Quality in the transaction.
Quality is a leading regional provider of mobile diagnostic x‐ray services, as well as mobile ultrasound and other diagnostic testing services to five states in the southern United States. The Company serves approximately 400 facilities and is based in Nashville, Tennessee.
Based in Denver, Colorado, and employing over 500 professionals, Schryver is a leading provider of mobile imaging, clinical laboratory, and oxygen therapy equipment outsourcing in the western United States serving the long term care market, hospitals, assisted-living centers, and homecare patients.
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build exceptional companies. Revelstoke’s Managing Partners, Mark King, Dale Meyer and Simon Bachleda, have completed over 100 platform and add-on acquisitions, representing over $5 billion of total enterprise value.