Atlantic Street Capital (ASC) has announced the acquisition of Omaha, Nebraska-based Brown’s Medical Imaging.
Founded in 1995, Brown’s Medical Imaging is a medical imaging solutions company providing equipment, service, maintenance, services and support to hospitals, physician practices and ambulatory service centers across the Midwest. Key products include a broad suite of medical imaging equipment including X-ray machines, mammography systems, CT scanners, ultrasound machines, MRI systems and surgical C-arm systems. Customer practice specialties include orthopedics, radiology, pulmonology, veterinary, chiropractic, urology, podiatry and urgent care centers.
ASC is a Stamford, Connecticut-based private equity firm that invests in middle-market companies with between $4 million and $25 million in EBITDA. The firm was founded in 2006 and is currently making investments in Atlantic Street Capital V, LP.
Chad Brown, President of Brown’s Medical Imaging, will continue to lead the Brown’s business, and with the other key members of the senior management team, has maintained a meaningful ownership position in the business. The team will also work closely with newly appointed ASC Medical Imaging Platform CEO, Larry Hicks, to collaborate, and eventually combine with Prestige Medical Imaging (acquired by ASC in September 2021), to optimize service and sales across a wider geography, modalities and vendor base. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 107th Laboratories, MRI and Dialysis transaction of 2023. This is a 3.6% decrease from last year when 111 Labs deals were announced between January 1, 2022, and October 19, 2022.
