Grovecourt Capital Partners, a private equity firm based in West Palm Beach, FL, acquired Premier Radiology Services, a provider of teleradiology services based in Miami.
Greenberg Traurig acted as legal advisor to Grovecourt, and Capitala Group and Siguler Guff provided financing for the transaction.
“We are thrilled to partner with Drew Gaudet and the talented team at Premier Radiology Services,” Matt Bergin, managing partner at Grovecourt, said. “Premier’s expertise as a market leader in teleradiology aligns perfectly with our strategy of improving patient care and delivering best-in-class service for customers in the healthcare sector. We’re excited to work with Premier to provide support and capital to accelerate the company’s growth trajectory.”
“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,” Alex Vargas, managing partner at Grovecourt Capital Partners, said. “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.”
“Joining forces with Grovecourt Capital Partners is an exciting opportunity for Premier,” Drew Gaudet, CEO of Premier, said. “Our primary mission has always been to provide accurate and efficient radiology reads to our customers so they can provide the best care possible for their patients. 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.”
