Radiology Partners closes $720M growth equity investment

AuntMinnie.com staff writers
Feb 23, 2024

Radiology Partners has completed a series of financing transactions, including a growth equity investment of nearly $720 million.

The company also said with its completion of transactions, it has reduced its debt and extended outstanding debt maturities with new maturity dates ranging from 2028 to 2030. It will also retain more than $500 million of cash and liquidity to fund continued growth and investment in innovation.

The company said this funding will help expand its clinical services and extend its technology and AI capabilities.

Kirkland & Ellis LLP and Sidley Austin LLP served as legal counsel to Radiology Partners, and Moelis & Company LLC and Barclays Capital Inc. served as financial advisors to the company. Additionally, Gibson Dunn LLP and Centerview Partners served as legal and financial advisors to certain partner lenders.

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