Revelstoke Capital Partners (Revelstoke), a Denver-based private equity firm, has completed its recapitalisation of ONsite Mammography (ONsite).
ONsite is the leading provider of in-office mammography services. The Company delivers a comprehensive turnkey solution including project management, installation, and operational services that enables physicians to offer a greater level of patient care while also increasing patient convenience.
“After a multi-year outbound search in the women’s health sector, we are very pleased to partner with a founder and management team that is dedicated to optimising patient satisfaction and offering the highest quality of care from breast-imaging focused radiologists. ONsite’s 3D mammography services increase patient adherence to preventative exams, improve the detection of breast cancer, and decrease recall rates from false-positive scans,” says Russell Cassella, Managing Partner of Revelstoke.
Arion Robbins, a Principal of Revelstoke, adds: “With over 5,000 OB/GYN practices in the United States, ONsite has a significant opportunity to grow through de novo expansion. We are thrilled to partner with such a passionate and experienced management team to continue growing the business.”
“The strategic and multi-site healthcare expertise that Revelstoke brings to our team will enable us to accelerate our growth while maintaining the highest level of service for our clients,” remarked Karl Schmidt, founder and CEO of ONsite.
With its investment in ONsite, Revelstoke has now completed 35 acquisitions, which includes 10 platform investments and 25 add-on acquisitions, representing more than USD1.5 billion of total enterprise value.
Golub Capital acted as the sole lead arranger on the senior credit facility. Winston & Strawn LLP served as legal advisor to Revelstoke. Kahan, Kerensky, & Capossela LLP served as legal advisor to ONsite in the transaction.
