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Radon Medical Imaging acquires Premier Imaging Medical Systems

por John R. Fischer, Senior Reporter | January 27, 2023
Business Affairs Parts And Service
Radon Medical Imaging has acquired Premier Imaging Medical Systems.
Radon Medical Imaging has expanded its equipment offerings and geographic footprint in the Southeastern U.S. with the acquisition of Premier Imaging Medical Systems.

The acquisition expands Virginia-based Radon's physical presence into 13 states total, with new ones including Georgia, Florida, and Alabama. The company assembles, sells, refurbishes, repairs and services 10 different modalities, including PET/CT, MR and X-ray equipment.

The deal is Radon’s first add-on acquisition. As part of it, Robin West, the owner of Premier, will join the leadership team at Radon, contributing to its overall strategy and direction.
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With its headquarters in Georgia, Premier has over 30 years experience selling, servicing and repairing fluoroscopy, C-arm, X-ray and other imaging technologies, as well as providing biomedical equipment engineering services in the southeastern U.S.

"Premier will benefit from having access to Radon’s full line of products, such as United Imaging CT, MR and MI products and Canon digital imaging products in most areas," Radon CEO Anthony Border told HCB News. "Premier will also be able to offer Radon’s multimodality imaging service agreements."

Premier has an exclusive dealership agreement for dynamic flat-panel fluoroscopy technology updates for GE Advantx, Legacy and Precision 500 analog fluoroscopy systems. Radon is one of only two companies in the U.S. that is authorized to service new United Imaging MR, PET/CT and X-Ray equipment.

The combined companies, which have over 20 years of history partnering, are pursuing multiple opportunities to grow the business, both organically and through additional acquisitions, to expand Radon into new markets and geographies. They also are looking to deepen relationships with original equipment manufacturers and enhance their technical and customer service capabilities.

“Partnering with Radon provides us with much-needed infrastructure, a larger engineering knowledge base, additional products to sell to our clients, better financial backing and an enhanced career path for our employees," West said in a statement. "In addition, we believe the cultural alignment of both firms will provide all our people with the opportunity to do great things together and lead to greater success for everyone."

With Premier, Radon now operates in Alabama, Delaware, Florida, Georgia, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

Private credit and structured equity fund Avante Capital Partners provided debt financing to support the transaction, which closed in November 2022. Financial details were not disclosed.

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