HCAP Partners Announces First Acquisition for Integrated Diagnostic Services Platform
- Editor
- Apr 22
- 1 min read
Whats Happening:
HCAP Partners, a California-based private equity fund, has announced the first acquisition for its new imaging platform, Integrated Diagnostic Services (IDS). The fund has purchased First Choice Mobile Radiology Services, a leading Southern California provider of mobile diagnostic services. This move is part of HCAP's strategy to expand access to mobile diagnostics for senior care and home health populations.
Key Moves:
HCAP Partners acquires First Choice Mobile Radiology Services for its new IDS platform
Acquisition aims to expand access to mobile diagnostics for senior care and home health
FCMR founder Kurt Stewart to continue as President of Operations
By The Numbers:
HCAP Partners typically invests $5 million to $35 million in established businesses
Target companies generate between $10 million and $100 million in revenues
HCAP Partners has invested in over 60 companies since its founding
Key Quotes:
"We're proud to welcome First Choice Mobile Radiology into the IDS family," said Kelly McCullum, CEO of Integrated Diagnostic Services.
"There is a significant opportunity to improve how diagnostics are delivered across senior care and home health settings by building a high-quality, differentiated platform," said Hope Mago, Partner at HCAP Partners.
"Joining IDS is a great next step for First Choice," said Kurt Stewart, founder of FCMR.
Bottom Line:
HCAP Partners' acquisition of First Choice Mobile Radiology Services marks a strategic move to expand access to mobile diagnostics in the senior care and home health sectors. This first acquisition for the Integrated Diagnostic Services platform aligns with HCAP's mission to create value while addressing healthcare needs in underserved markets.
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