Grovecourt Capital Partners Finalizes Acquisition of Premier Radiology Services

Monday, June 12, 2023

Grovecourt Capital Partners, a private equity firm headquartered in West Palm Beach, FL, has officially acquired Premier Radiology Services, a leading provider of teleradiology services based in Miami, FL. The financial terms of the deal have not been disclosed.

Premier Radiology Services, established in 2006, has built a strong reputation in the industry for its reliable and accurate interpretations of medical images. The company utilizes an innovative technology-enabled platform to serve patients in 48 states. With a network of approximately 100 radiologists, Premier interprets nearly 2 million medical images annually for a diverse range of customers, including mobile imaging providers, occupational health centers, urgent care providers, and outpatient clinics.

Matt Bergin, Managing Partner at Grovecourt, expressed excitement about the partnership and stated, "We are thrilled to partner with Drew Gaudet and the talented team at Premier Radiology Services. Premier's expertise as a market leader in teleradiology aligns perfectly with our strategy of improving patient care and delivering best-in-class service for customers in the healthcare sector. We’re excited to work with Premier to provide support and capital to accelerate the company's growth trajectory."

Alex Vargas, Managing Partner at Grovecourt Capital Partners, added, "Premier Radiology Services has developed an exceptional customer base, bolstered by a world-class network of radiologists, while demonstrating a remarkable track record of growth. We look forward to strengthening Premier’s position as a leader in teleradiology by supporting its organic growth initiatives as well as through strategic mergers and acquisitions."

Drew Gaudet, CEO of Premier, expressed enthusiasm about the partnership, saying, "Joining forces with Grovecourt Capital Partners is an exciting opportunity for Premier. Our primary mission has always been to provide accurate and efficient radiology reads to our customers so they can provide the best care possible for their patients. With this partnership, Premier is thrilled to be able to grow while remaining focused on fulfilling our mission. With Grovecourt by our side, we will attract even more skilled radiologists as we continue to invest in our technology and our talented team."

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