Los Angeles-based private equity firm Leonard Green & Partners has bought Radon Medical Imaging from 5th Century Partners (5CP). Terms of the deal were not disclosed.
Founded in 1976 and based in Charleston, WV, Radon is an independent service organization. It services, repairs, and sells new and refurbished imaging equipment, including MRI, PET/CT, fluoroscopy, mammography, cardiac cath lab, C-arm, digital radiography, and general x-ray systems, as well as select PACS. Its customers include hospital systems, clinics, physician offices, emergency departments, and outpatient facilities.
Since 5CP invested in 2022, Radon has grown from five states to 26 and now has more than 220 employees, according to 5CP. It has also completed four acquisitions: Premier Imaging Medical Systems in 2022, Tristate Biomedical Solutions in 2023, Alpha Imaging in 2024, and Majestic Medical Solutions in 2025, the firm said.
