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Summit Imaging acquired by radiotherapy service company RS&A

by Gus Iversen, Editor in Chief | October 31, 2022
Business Affairs Parts And Service
Radiotherapy equipment service company RS&A announced on October 28 it had acquired Summit Imaging, an imaging equipment provider specializing in mammography and ultrasound.

The combined entity is expected to be a stronger, more diversified organization providing high-value services across multiple modalities resulting in a sustainable parts infrastructure, improved system performance, reduced costs related to mission-critical healthcare equipment, and expanded access to radiotherapy treatments.

“The acquisition meaningfully expands RS&As capabilities and reach," said RS&A CEO DJ Conrad. "We will immediately be able to leverage Summit’s differentiated technical capabilities across our collective customer base to improve medical equipment uptime, performance and the overall delivery of care for our customers.”

Founded in 2006, Summit Imaging is a provider of medical imaging equipment repair, refurbishment, and exchange services to healthcare facilities, independent service organizations and OEMs across North America.

“The entire Summit team and I are elated about our partnership with DJ and the RS&A team,” said Larry Nguyen, the founder of Summit, and newly appointed CIO of RS&A. “Our teams are fundamentally aligned in our cultural values, our commitment to our clients, and our desire to deliver the highest-quality services in direct support of healthcare providers and the service community to improve patient care.”

North Carolina-based RS&A primarily services linear accelerators. Since 1995, RS&A has supported the oncology community through equipment life cycle management, maintenance, parts, and removals/installations. The company is backed by Sheridan Capital Partners, a Chicago-based healthcare private equity firm.

Cascadia Capital served as financial advisor to Summit, and previously oversaw the sale of 626 Holdings to Peak Rock Capital earlier this year. McGuire Woods LLP served as legal counsel to RS&A.

Financial terms of the transaction were not disclosed.

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