California-based Radiology Partners has secured a $695 million credit facility from Golub Capital and has also closed its partnership with Southwest Diagnostic Imaging (SDI). Radiology Partners secured nearly $1 billion in funding in 2017.
According to an announcement issued on Thursday, the monies will be used to fund future growth of the radiological giant, refinance the company’s existing debt and complete the acquisition of Southwest Diagnostic Imaging (SDI).
“With the final closing of the SDI partnership, we are excited to officially welcome these talented physicians to our practice,” said Chairman and CEO Rich Whitney of Radiology Partners. “Our partnership has extraordinary potential. We are also pleased to continue our relationship with Golub Capital. The facility they have arranged includes significant unused committed capital, which will allow us to confidently execute our growth strategy.”
In November, Radiology Partners announced further expansion into the Illinois and Texas markets and also announced entry into New Mexico, Michigan and South Carolina. With these additions, Radiology Partners now serves 450 hospitals, clinics and imaging centers in 13 states.