Los Angeles, CA (December 2022) – Avante Capital Partners, a women and minority-owned private credit and structured equity firm, is pleased to announce the completion of a unitranche debt and minority equity investment to support 5th Century Partners (“5CP”) in their acquisition of Radon Medical Imaging (“Radon”). 5th Century Partners is a purpose-driven private investment firm that invests in middle-market healthcare, consumer, and business services businesses that are committed to driving economic value and social impact. Founded in 1976 and headquartered in Charleston, WV, Radon is a leading independent service organization (“ISO”) that services, assembles, repairs, sells, and distributes medical imaging devices, such as MRI, PT / CT, X-ray equipment, among others.
“We are excited to have Avante’s ongoing support as the platform continues its strong growth trajectory,” said Marques Torbert, Managing Partner at 5th Century Partners. “Radon represents the inaugural investment and the start of a great relationship with Avante. We were very impressed with their structuring flexibility, execution speed, and collaborative approach to partnership. We look forward to working in concert with Avante to build upon Radon’s success.”
“Radon’s products and service solutions play a critical role in supporting an aging population and the ongoing need for health systems to reduce costs amidst a dynamic environment. We look forward to supporting Radon in its next chapter of growth,” said David Ng, Vice President at Avante Capital Partners.
“We are thrilled to partner with 5th Century Partners and Radon’s CEO, Anthony Border, a seasoned industry veteran, who built Radon into a successful industry leading platform. We look forward to supporting Radon’s continued success,” said Ivelisse Simon, Managing Partner at Avante Capital Partners.