Leonard Green & Partners Acquires Radon Medical Imaging

The Los Angeles-based private equity firm has finalized its purchase of the Charleston-based healthcare service provider.

Updated on Oct. 27, 2026 in Healthcare

Isometric editorial illustration of abstract medical diagnostic components in oxblood, teal, and mustard colors, representing healthcare infrastructure acquisition. — Leonard Green & Partners has finalized its acquisition of Radon Medical Imaging, a Charleston-based provider of medical equipment services and repairs. AI Illustration. Upload story photo >

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Leonard Green & Partners has acquired Radon Medical Imaging, a Charleston-based independent service organization. The deal follows a period of rapid expansion for the company, which now provides medical imaging services across 26 states.

Why it matters

This acquisition transitions Radon Medical Imaging from its previous investor, 5th Century Partners, to the Los Angeles-based firm Leonard Green & Partners. The move marks a significant shift in ownership for the provider, which supports critical hospital and clinic infrastructure.

Radon Medical Imaging currently operates with more than 220 employees across 26 states. This footprint has grown significantly from the five states served prior to 2022.

The players

Leonard Green & Partners

A private equity firm based in Los Angeles that specializes in middle-market investments.

Radon Medical Imaging

An independent service organization based in Charleston, West Virginia, that specializes in medical imaging equipment maintenance.

5th Century Partners

A private equity firm that previously held an investment in Radon Medical Imaging starting in 2022.

The details

Founded in 1976, Radon Medical Imaging services and repairs a wide array of equipment including MRI, CT, and X-ray systems for hospital systems and physician offices. The company has completed four acquisitions since 2022, including Premier Imaging Medical Systems, Tristate Biomedical Solutions, Alpha Imaging, and Majestic Medical Solutions.

Radon Medical Imaging was founded in 1976.
5th Century Partners invested in Radon and acquired Premier Imaging in 2022.
Radon acquired Tristate Biomedical Solutions in 2023.
Radon acquired Alpha Imaging in 2024.
Radon acquired Majestic Medical Solutions in 2025.

Market Landscape

This acquisition mirrors the broader industry trend of private equity firms consolidating independent medical equipment service organizations to achieve national scale. The move positions Radon Medical Imaging to compete more effectively within the fragmented healthcare maintenance market.

For hospital systems and local physician offices, this ownership change may impact service contracts and vendor management protocols. Clients should monitor future communications regarding potential shifts in maintenance support or service pricing structures.

The takeaway

Radon Medical Imaging represents a growing trend of specialized medical service providers scaling through multiple strategic acquisitions. Customers should verify how the change in ownership impacts their existing equipment maintenance agreements and long-term service stability.