HCAP Partners Strengthens Mobile Imaging Services with Acquisition of Community of Nevada Diagnostics

In a strategic move to bolster its integrated diagnostic services, HCAP Partners, a prominent California-based private equity firm and impact investor, has officially announced its acquisition of Community of Nevada Diagnostics. This acquisition represents the second for Integrated Diagnostic Services (IDS) and emphasizes HCAP's commitment to expanding access to crucial healthcare services, especially mobile imaging.

Expanding Healthcare Access

Community of Nevada Diagnostics is renowned as a leading provider of mobile imaging services in Nevada, specializing in delivering on-site X-ray, ultrasound, EKG, and echocardiogram services. Their focus is primarily on skilled nursing facilities (SNFs) and long-term care facilities (LTCFs), in addition to home health and hospice agencies primarily located in the Las Vegas and Reno markets. The acquisition enhances the ability of IDS to provide prompt, quality imaging services, thus improving care delivery for aging populations who may have difficulty accessing traditional healthcare facilities.

According to Jessica Kim, Vice President at HCAP Partners, this partnership adds significant scale to the IDS platform. She stated, “Community of Nevada Diagnostics has built a reputation for quality care and prompt service. This partnership is aligned with our mission to improve access, affordability, and quality of care across the Western U.S.”

The acquisition comes at a time when the demand for mobile diagnostics is surging, particularly for home-based and aging populations. IDS aims to respond to that need effectively by offering a best-in-class mobile imaging platform that assures convenience and cost-effectiveness for patients.

The Significance of Community of Nevada Diagnostics

Founded by industry veterans Josh Roberts and Larry Blanco, Community of Nevada Diagnostics has consistently delivered exceptional on-site imaging services, improving patient comfort and outcomes by avoiding long wait times and the necessity of travel for patients. Their team comprises licensed x-ray technologists and certified sonographers who carry out these essential services right where patients live, further promoting a holistic approach to patient care.

With the acquisition now complete, Roberts and Blanco will remain engaged with the operations, focusing on expanding the reach of their services under the IDS platform while maintaining the high-quality care that has become synonymous with their name.

Future Prospects and Growth

Kelly McCullum, CEO of Integrated Diagnostic Services, expressed enthusiasm about this acquisition. He noted, “This is an exciting step in the continued growth of IDS. Community of Nevada's team has built an exceptional operation in Nevada, and we're thrilled to welcome them as we expand our footprint and elevate mobile imaging services throughout the region.”

Exploring further growth opportunities, IDS is actively pursuing additional acquisitions aimed at extending its service network across the western United States. This strategic focus highlights HCAP's broader healthcare impact strategy, aiming to address several crucial aspects: expanding healthcare access, improving overall care quality, and reducing costs associated with traditional healthcare delivery methods.

HCAP's Commitment to Quality Healthcare

HCAP Partners has made it their mission to invest in underserved markets, particularly in healthcare, where they offer mezzanine debt and private equity solutions for lower-middle-market companies across the U.S. Their approach, known as the Gainful Jobs Approach™, is dedicated to fostering meaningful employment within these organizations, enhancing workplace practices, and ensuring that healthcare providers have the resources they need to succeed.

The recent acquisition of Community of Nevada Diagnostics underscores HCAP's commitment not just to business growth but also to enhancing healthcare delivery systems that serve vulnerable populations effectively. As stated by Hope Mago, Partner at HCAP Partners, “This acquisition supports our thesis around the opportunity to partner with experienced executives who are focused on providing quality, timely care to seniors.”

Conclusion

In conclusion, HCAP Partners’ acquisition of Community of Nevada Diagnostics is a crucial move that strengthens their integrated diagnostic services and enhances mobile imaging accessibility in Nevada and beyond. As they continue to pursue growth and impact, the future looks promising for both HCAP and the communities they serve, ensuring that quality healthcare remains within reach of those who need it most.