Roshal Health – a new leader providing hospital grade, on-site, and on-demand ultrasound and echocardiogram services to ERs, micro-hospitals, rural hospitals, and hospital offsite facilities – announced that it secured $10 million in financing. This structured equity funding was led by Catalio Capital Management, a leading multi-strategy healthcare and life science investment firm, with participation from Green Street Impact Partners.
Employing over 300 people, Roshal offers services to hospital systems, standalone emergency rooms, micro-hospitals, rural hospitals, and offsite facilities nationwide. The funding will advance Roshal’s tech-enabled platform to address imaging technician staffing shortages at healthcare service providers, eliminating costly gaps in care delivery through a highly scalable model.
Legal counsel Covington and Burling LLP advised Catalio Capital Management; Locke Lord LLP served as legal counsel to Green Street Impact Partners. And Uplift Partners served as the exclusive financial advisor to Roshal Health, and DLA Piper served as legal counsel to the company.
KEY QUOTES:
“Catalio is thrilled to work alongside the Roshal team to solve a critical healthcare staffing shortage for imaging technicians. This collaboration demonstrates alternative financing models as an attractive solution for dynamic and fast-growing companies in a challenging fundraising environment.”
– John Henry Iucker, CFA, General Partner and Head of Credit at Catalio Capital Management
“We are grateful to be working with Catalio Capital Management and Green Street Impact Partners, whose extensive expertise in the healthcare sector will contribute to unlocking Roshal’s full potential. This is an important next step in our journey and will further bolster our ability to meet customer care delivery targets with cost-efficient and high-quality diagnostic services.”
– Michael Hall, CEO of Roshal Health
