Royal Health Inc Partners with HealthQuest Capital to Revolutionize Radiology
Deal News | Dec 23, 2024 | HealthQuest Capital Management
Royal Health Inc, a prominent provider in radiology software and workflow solutions, has closed a minority investment deal led by HealthQuest Capital, a growth capital firm specializing in transformative healthcare companies. The recapitalization, announced on December 23, 2024, comes as a strategic move for Royal Health to scale operations, enhance their technological offerings, and expand into international markets. The investment has increased Royal Health's enterprise valuation by nearly eightfold since 2019. The collaboration aims to accelerate efforts in innovation, research, and development and address critical challenges in radiology, such as operational efficiency and patient care. CEO Peter Nassif expressed excitement about the partnership, highlighting the alignment of shared goals in advancing radiology solutions. HealthQuest Capital, managing approximately $2 billion in capital, is committed to fostering innovations that enhance healthcare outcomes.
Sectors
- Healthcare Technology
- Private Equity
- Radiology
Geography
- United States – The primary operations and expansion plans of Royal Health Inc and HealthQuest Capital are based in the United States.
- International – Royal Health Inc intends to expand beyond the U.S. markets, indicating a global geographical interest.
Industry
- Healthcare Technology – Royal Health Inc operates within the healthcare technology sector, providing advanced radiology software and workflow solutions crucial for optimizing healthcare operations.
- Private Equity – HealthQuest Capital's investment actions are rooted in the private equity industry, focusing on transformative investments in the healthcare sector.
- Radiology – As a provider of radiology solutions, Royal Health Inc is directly involved in the radiology sector, which is central to their operational focus.
Financials
- Undisclosed – The amount of minority investment by HealthQuest Capital into Royal Health Inc remains undisclosed.
- Eightfold Increase – The enterprise valuation of Royal Health Inc has increased nearly eightfold since the entry of their 2019 investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Royal Health Inc | Target Company | Company | A leading provider of radiology software and workflow solutions aiming to optimize healthcare delivery. |
| HealthQuest Capital | Investor | Company | A private asset firm investing in transformative healthcare companies, with a focus on improving patient outcomes and healthcare efficiency. |
| Peter Nassif | CEO and Founder of Royal Health Inc | Person | Leader at Royal Health Inc, instrumental in guiding the company's strategic vision and growth. |
| Sharath Reddy | Partner at HealthQuest Capital | Person | Executive involved in the investment decision, representing HealthQuest Capital's strategy and interests. |