M&A Deal Summary

Wellspring Capital Management Acquires RAYUS Radiology

On March 19, 2019, private equity firm Wellspring Capital Management acquired healthcare services company RAYUS Radiology from Insight Imaging

Acquisition Highlights
  • This is Wellspring Capital Management’s 4th transaction in the Healthcare Services sector.
  • This is Wellspring Capital Management’s 38th transaction in the United States.
  • This is Wellspring Capital Management’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-03-19
Target RAYUS Radiology
Sector Healthcare Services
Buyer(s) Wellspring Capital Management
Sellers(s) Insight Imaging
Deal Type Divestiture
Advisor(s) Jefferies (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

RAYUS Radiology

St Louis Park, Minnesota, United States
RAYUS Radiology is a provider of diagnostic and therapeutic radiology services in the US. The organization, with nearly 2,000 associates nationally, is committed to delivering clinical excellence in communities across the U.S. driven by its affiliated subspecialized radiologist network, compassionate, safe, and cost-efficient care, and superior service to referring providers and patients. RAYUS Radiology was founded in 1981 and is based in St Louis Park, Minnesota.

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Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 43 of 53
Sector (Healthcare Services) 4 of 6
Type (Divestiture) 5 of 5
State (Minnesota) 1 of 1
Country (United States) 38 of 48
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Paragon Films

Broken Arrow, Oklahoma, United States

Paragon Films is a manufacturer of high-performance cast stretch films that are principally used to unitize loads while in storage and transit. Paragon Films produces thin-gauge films which outperform competitors in terms of quality, consistency, and value. Paragon Films was founded in 1988 and is based in Broken Arrow, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Lucky Strike Entertainment

Sherman Oaks, California, United States

Lucky Strike Entertainment is an operator of entertainment venues featuring premium bowling lanes, handcrafted food, and spirits, occasional live music performances, a broad assortment of engaging, high-tech games and a one-of-a-kind atmosphere. Lucky Strike venues seek to combine the best attributes of dining, nightlife and interactive entertainment. Lucky Strike Entertainment was formed in 2003 and is based in Sherman Oaks, California.

Buy -

Seller(S) 1

SELLER

Insight Imaging

Charlotte, North Carolina, United States
Category Company
Founded 1994
Sector Medical Products
DESCRIPTION

Insight Imaging LLC is a provider of onsite, diagnostic imaging services for physicians’ offices, clinics, hospitals and other healthcare providers.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-11 LG Medical Technologies

East Dundee, Illinois, United States

LG Medical Technologies, Inc. is a provider of advanced diagnostic imaging services and mobile imaging solutions for rental. LG Medical Technologies is based in East Dundee, Illinois.

Buy -
Mergr

Product

Company

Legal