NEW YORK, September 28, 2021 / PRNewswire / – Atlantic Street Capital (“ASC”), a private equity firm targeting entrepreneurial companies poised for the next level of growth, has partnered with an investment in Prestige Medical Imaging (PMI), the world’s largest independent radiology service and solutions provider in the Eastern United States.
Founded in 2003 and based in Newburgh, New York State, Prestige Medical Imaging is a medical imaging solutions company that provides equipment service, maintenance and support to hospitals, physician’s offices, ASCs and sports teams across the United States. The key products represent a wide range of medical imaging equipment, including x-ray machines, mammography systems, CT scanners, ultrasound machines, MRI systems and surgical arch systems. The specialties of the client practice include orthopedics, radiology, pulmonology, veterinary surgeon, urology, podiatry, emergency care centers and professional sports teams. PMI is the official supplier of x-ray equipment to the NBA and several major professional sports teams.
Georges parry, ASC partner and responsible for the transaction, said: âPMI is a service-oriented organization, differentiating itself from competitors who prioritize sales. PMI offers 24/7/365 service coverage, providing the flexibility that domestic competitors are unable to provide, to serve its customers locally. We are excited to begin working with Bill to expand the company’s geographic footprint and identify selected acquisitions to enhance its product line.
Bill Haussmann, Founder and CEO of Prestige Medical Imaging, commented: âOur company was founded on the foundation of providing the highest level of expert service to our clients, whether they are a large sports team or a small medical practice. and for almost 20 years we have lived up to this goal. With additional support from Atlantic Street Capital, which has invested in businesses similar to ours, we will continue to build scale while providing top notch radiology solutions and services to new and existing clients. âBill will retain his role as CEO and retain a significant ownership position in the company with several key members of the management team.
ASC’s expertise in the healthcare industry includes its investments in Renew Digital, a leading provider of dental imaging equipment as well as technical and support services for dental practices nationwide; Advancing Eyecare, a partnership of market leaders in eye care instruments; Prescott’s, the leading provider of refurbishment, maintenance, repair and service for surgical microscopes used in hospital operating rooms and outpatient surgery centers; OrthoBethesda, the leading provider of orthopedic services in the greater Washington DC Region; Lab Logistics, a provider of mission-critical transportation solutions focused exclusively on the medical laboratory and hospital industry; and Anatomy IT, the leading provider of managed IT services for the healthcare industry in the tri-state. ASC’s investment in PMI represents the first of several planned acquisitions in the medical imaging services and solutions market.
About Prestige Medical Imaging
Prestige Medical Imaging is the largest independent provider of radiology services and solutions in the eastern United States. Founded in 2003, PMI is based in Newburgh, New York State and has 10 regional offices located in six states. With experienced field service engineers and committed sales staff, PMI is proud to serve hospitals, imaging centers, medical groups, orthopedic groups and professional sports teams, providing imaging technology. digital technology, support, products and training necessary to operate critical environments. gently. Prestige Medical Imaging is the official supplier of X-ray equipment to the NBA. For more information visit www.prestigemedicalimaging.com.
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in lower middle market companies with between $ 4 million and $ 25 million in EBITDA. The company invests in fundamentally sound companies that will benefit from capital investments and value-added strategic and operational initiatives. Atlantic Street Capital’s approach relies on pragmatic investors who work closely with management to unlock the underlying value of their business and help them succeed. The company is currently investing in Atlantic Street Capital IV, LP. For more information visit www.atlanticstreetcapital.com.
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Chris Tofalli Public Relations, LLC
SOURCE Atlantic Street Capital