5th Century Partners, a private investment firm focused on economic and social impact, has partnered with Radon Medical Imaging, an independent service organization that services, assembles, repairs, sells and distributes medical imaging devices.
Radon works on devices such as MRI, PT/CT, and X-Ray equipment for clients including hospital systems, clinics, specialists and primary offices, emergency rooms and outpatient institutions. Radon operates across 13 states, primarily in the mid-Atlantic and southeastern regions of the U.S. Together, the companies aim to pursue opportunities to grow the business both organically and through acquisitions.
“This investment highlights 5th Century Partners’ commitment not only to partnering with companies that have an outsized opportunity for growth but also with management teams that share our vision to create a larger impact for our communities,” says Bruce Hampton, managing partner at 5th Century Partners. “Beyond Radon’s clear financial successes, the company is doing critical work in health care that aligns with our own mission to help drive meaningful change through financial success.”
DLA Piper served as legal counsel to 5th Century Partners,and Avante Capital Partners provided debt financing to support the transaction.