L2 Capital announced that it has completed the acquisition of affiliated companies Associates in Medical Physics, LLC and Radiation Management Associates, LLC, together a leading provider of medical physics staffing and support services throughout the United States. The Company was founded more than twenty years ago by Betty Cameron, a former registered nurse, and Arnold Able, a clinical physicist. Terms of the deal were not announced.
Medical physics is a branch of applied physics that focuses on the diagnosis and treatment of human diseases, but most notably cancer. The Company provides highly technical staffing solutions to major oncology centers, as well as machine diagnostic and related regulatory services to hospitals, independent centers, imaging centers and private practices.
Bob Levine, Managing Partner of L2 Capital said, “We are excited to be able to partner with two very highly regarded and respected people like Arnie and Betty. Their Company provides excellent services across a regional client base, and we look forward to helping extend its reach and scope going forward.”
“We are pleased with the opportunity to partner with L2 Capital in support of our future initiatives at Medical Physics Holdings,” Arnold Able said, “Betty and I are confident that we have found the right partner who reflects our values and commitment and will contribute toward our continued focus on providing the highest quality of medical physics support to our clients and attracting the most talented workforce.”
Univest Bank and Trust Company and Merion Mezzanine Partners provided the debt financing for this transaction. SC&H Capital was the exclusive financial advisor for Medical Physics Holdings. Shulman, Rogers, Gandal, Pordy & Ecker, P.A. provided legal advice to the Company. E. Cohen and Company provided accounting advice to the Company.
L2 Capital Partners is a lower middle market private equity family office that specializes in making controlling or minority investments in business service, consumer product and manufacturing companies with enterprise values up to $65 million. L2 Capital adds value by helping business executives and owners meet their strategic and financial goals by providing access to professionals and resources gained over 40 years of principal investing experience.
