Private equity-backed Apex Physics Partners (APP) announced that it has partnered with Spectrum Medical Physics Inc, headquartered in Lima, Ohio.
Spectrum Medical Physics was incorporated in 2000 to provide radiation oncology physics and dosimetry support to radiation oncology facilities in West Central Ohio. The company operates a training and residency program in therapy medical physics.
APP is a medical physics business services support organization. Partner physics practices receive an array of support services including client services, information technology and data analytics. APP is backed by Blue Sea Capital, a West Palm Beach-based private equity firm with more than $1.4 billion in assets under management.
Together with APP’s existing practice group partner Ohio Medical Physics Consulting, the Spectrum partnership helps solidify APP’s leadership in medical physics services for the state of Ohio and the broader Midwest. With the addition of Spectrum’s program, APP now offers four residency programs nationwide, with specialized curricula for both diagnostic and therapy medical physics. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the third medical physics transaction of 2024. There were two medical physics deals announced during 2023, and three announced during 2022. This also marks APP’s third acquisition since November 2022.
