January 14, 2025 -- Clearview Capital Fund IV, L.P. and its affiliates (“Fund IV”) announced today the acquisition of DRH & Associates, Inc. d/b/a Houston MRI & Diagnostic Imaging (“Houston MRI”) by its portfolio company Capitol Imaging Services, LLC (“Capitol Imaging” or the “Company”). The transaction closed on January 3, 2025.
Houston MRI offers a full range of diagnostic imaging services and operates seven locations in the Greater Houston area. As a premier provider of outpatient diagnostic imaging services, the broader Capitol Imaging platform offers patients a range of modality capabilities, including MRI, CT, PET/CT and mammography scans, among others.
Capitol Imaging, in partnership with Clearview Capital, has expanded from 20 freestanding outpatient imaging locations in 2020 to 48 facilities across Texas, Louisiana, Alabama,
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Mississippi and Florida. The Company now has 18 total centers in the Greater Houston area.
“We are thrilled to further build Capitol Imaging into one of the largest outpatient imaging platforms in the Gulf South region,” said Geoff Faux, Partner of Clearview Capital. “Capitol Imaging provides tremendous value to its patients, referral sources and payors as a low cost of care setting, and we look forward to continuing our expansion strategy in the Company’s current and adjacent markets.”
“We are excited to welcome the patients and staff from Houston MRI to our Capitol Imaging family,” remarked John Stagg, CEO of Capitol Imaging. “With this partnership, Capitol Imaging will now have the largest independent imaging platform in the Greater Houston area. We look forward to the opportunities this provides our patients and referral sources to receive the best possible diagnostic imaging available in one of the most highly respected medical communities in the world. This will provide many additional opportunities for our growth throughout Greater Houston, Texas, and the Gulf South region.”
Capitol Imaging is seeking additional acquisition opportunities of outpatient diagnostic imaging centers in the Gulf South. Please contact members of Clearview Capital’s business development team with opportunities. Capitol Imaging is a platform investment in Fund IV, a $550 million committed fund raised in 2018
