L2 Capital has acquired sister companies Associates in Medical Physics and Radiation Management Associates (together Medical Physics Holdings), which provide medical staffing and support services throughout the United States.
Medical Physics Holdings was founded more than twenty years ago by Betty Cameron, a former registered nurse, and Arnold Able, a clinical physicist. The company provides technical staffing services to major oncology centers, as well as machine diagnostic and related regulatory services to hospitals, independent centers, imaging centers and private practices. The company is based in Lanham, MD (www.ampglobal.net) (www.rma-1.com).
“We are excited to be able to partner with two very highly regarded and respected people like Arnie and Betty,” said Bob Levine, Managing Partner of L2 Capital. “Their company provides excellent services across a regional client base, and we look forward to helping extend its reach and scope going forward.”
L2 Capital Partners is a lower middle market private equity family office that makes control and minority investments in companies that have revenues from $10 million to $75 million and EBITDA from $2 million to $8 million. Sectors of interest include technology enabled services; business services; e-commerce/direct marketing; consumer products; manufacturing; and environmental products. L2 Capital is headquartered in the Philadelphia suburb of Radnor, PA (www.L2Capital.net).
Univest Bank and Trust Company and Merion Mezzanine Partners (www.merionpartners.com) provided the debt financing for this transaction.
SC&H Capital (www.scandh.com) was the financial advisor to Medical Physics Holdings and E. Cohen and Company (www.ecohencpas.com) provided accounting advice.
© 2017 Private Equity Professional | May 9, 2017
