Prestige Medical Imaging and MedNet Technologies: Atlantic Street Capital invests in Prestige Medical Imaging

Atlantic Street Capital invests in Prestige Medical Imaging Submitted 28/09/2021 - 2:05pm Atlantic Street Capital (ASC) has invested in Prestige Medical Imaging (PMI), the largest independent radiology service and solutions provider in the Eastern United States. Founded in 2003 and headquartered in Newburgh, NY, Prestige Medical Imaging is a medical imaging solutions company providing equipment service, maintenance, and support to hospitals, physician practices, ASCs, and sports teams across the United States. Key products represent a broad suite of medical imaging equipment including X-ray machines, mammography systems, CT scanners, ultrasound machines, MRI systems, and surgical C-arm systems. Customer practice specialties include orthopaedics, radiology, pulmonology, veterinary, urology, podiatry, urgent care centres, and professional sports teams. PMI is the official X-ray equipment provider of the NBA and several large professional sports teams. George Parry, Partner of ASC, and deal lead, says: "PMI is a service first organisation, differentiating itself against competitors that are positioned as sales-first. PMI offers 24/7/365 service coverage, providing the flexibility that national competitors are unable to provide, servicing its customers at the local level. We are excited to begin working with Bill to broaden the company's geographic footprint and identify select acquisitions to enhance its suite of product offerings." Bill Haussmann, founder and Chief Executive Officer of Prestige Medical Imaging, says: "Our business was founded on the basis of providing the highest level of expert service to our customers, whether they are a large sports team or a small medical office and for nearly 20 years we have lived up to that purpose. With the added support of Atlantic Street Capital, who have invested in businesses similar to ours, we will continue to create scale while delivering best-in-class radiology solutions and services to new and existing customers." Bill will retain his CEO position and maintained a meaningful ownership position in the business along with several key management team members. ASC's expertise in the healthcare services sector includes its investments in Renew Digital, a leading provider of dental imaging equipment as well technical service and support for dental offices nationwide; Advancing Eyecare, a partnership of leaders in the eyecare instrumentation marketplace; Prescott's, the leading provider of refurbishment, maintenance, repair and service work for surgical microscopes utilised in hospital operating rooms and ambulatory surgery centres; OrthoBethesda, the premier provider of orthopaedic services in the greater Washington DC region; Lab Logistics, provider of mission critical, transportation solutions exclusively focused on the medical laboratory and hospital industry; and Anatomy IT the leading provider of managed IT services to the healthcare industry across the tri-state area. ASC's investment in PMI represents the first of several anticipated acquisitions in the medical imaging services and solutions market. Like this article? Sign up to our free newsletter Author Profile Related Topics Deals & Transactions Investments