Clearview Capital Fund IV and its affiliates announced the acquisition of DRH & Associates (d/b/a Houston MRI & Diagnostic Imaging) by its portfolio company Capitol Imaging Services.
Houston MRI provides a full range of diagnostic imaging services and operates seven locations in the Greater Houston area. And as a premier provider of outpatient diagnostic imaging services, the broader Capitol Imaging platform offers patients a range of modality capabilities, including MRI, CT, PET/CT and mammography scans, and others.
In partnership with Clearview Capital, Capitol Imaging expanded from 20 freestanding outpatient imaging locations in 2020 to 48 facilities across Texas, Louisiana, Alabama, Mississippi, and Florida. The company now has 18 centers in the Greater Houston area.
Capitol Imaging is a platform investment in Fund IV, a $550 million committed fund raised in 2018.
KEY QUOTES:
“We are thrilled to further build Capitol Imaging into one of the largest outpatient imaging platforms in the Gulf South region. Capitol Imaging provides tremendous value to its patients, referral sources and payors as a low cost of care setting, and we look forward to continuing our expansion strategy in the company’s current and adjacent markets.”
- Geoff Faux, Partner of Clearview Capital
“We are excited to welcome the patients and staff from Houston MRI to our Capitol Imaging family. With this partnership, Capitol Imaging will now have the largest independent imaging platform in the Greater Houston area. We look forward to the opportunities this provides our patients and referral sources to receive the best possible diagnostic imaging available in one of the most highly respected medical communities in the world. This will provide many additional opportunities for our growth throughout Greater Houston, Texas, and the Gulf South region.”
- John Stagg, CEO of Capitol Imaging
