Kain Capital announced the completion of its investment in RadX Inc., an outpatient radiology platform operating a network of 26 independent imaging centers across Florida, Michigan, Maryland, Georgia, Tennessee, and Alabama. The investment is intended to support RadX’s continued expansion across high-growth and underserved markets as demand for outpatient diagnostic imaging services continues to increase.
Founded by Dr. Chintan Desai and Mona Patel, RadX provides community-based diagnostic imaging services through a network of independent radiology centers. The company focuses on delivering accessible and cost-effective imaging services while maintaining clinical quality standards and patient-centered care.
Kain Capital cited several long-term healthcare trends supporting the sector, including the migration of care toward outpatient settings, increasing emphasis on preventive screenings, earlier disease detection, and the need for more cost-efficient healthcare delivery models. The firm believes independent radiology platforms are well-positioned to benefit from these shifts within a highly fragmented imaging market.
RadX plans to use the investment to expand its clinic footprint, recruit additional physicians and operational personnel, invest in technology and patient experience initiatives, and pursue strategic growth opportunities in both existing and adjacent markets.
The company currently maintains a strong presence in multiple regional markets where imaging demand is being driven by an aging population and growing utilization of diagnostic and preventive healthcare services.
Kain Capital is a private equity firm focused on healthcare services and healthcare technology. In addition to providing growth capital, the firm supports portfolio companies through strategic guidance and technology initiatives, including data and artificial intelligence solutions developed through its Kain Analytics platform.
The transaction reflects ongoing consolidation within the outpatient imaging sector, where operators are seeking greater scale, operational efficiencies, and expanded geographic reach while maintaining local market relationships and clinical expertise.
KEY QUOTES:
“Diagnostic imaging sits at the center of an evolving healthcare landscape increasingly focused on outpatient delivery, earlier intervention, and cost efficiency. We believe scaled independent radiology platforms are uniquely positioned to benefit from these long-term industry shifts, and RadX has established itself as a leader within a highly fragmented market.”
Kunal Kain, Managing Partner, Kain Capital
“We founded RadX to create a more consistent, patient-centered imaging experience without compromising clinical quality. Kain Capital shares our long-term vision for building a leading outpatient imaging platform grounded in clinical excellence, operational discipline, and strong community relationships. We’re honored to partner with their team in this next phase of growth.”
Dr. Chintan Desai, Co-Founder And CEO, RadX Inc.
“The outpatient imaging market remains deeply fragmented, particularly among regional and independent operators. We see a significant opportunity to build a scaled platform that combines local market expertise with the operational infrastructure, technology, and talent required to support long-term growth across multiple markets.”
Mona Patel, Co-Founder, RadX Inc.
“RadX has built an impressive multi-state platform led by an exceptional management team. We’re excited to partner with Dr. Desai, Mona Patel, and the broader team as they continue scaling the platform.”
Kunal Kain, Managing Partner, Kain Capital
