Denver, CO – Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed its recapitalization of ONsite Mammography (“ONsite” or the “Company”).
ONsite is the leading provider of in-office mammography services. The Company delivers a comprehensive turnkey solution including project management, installation, and operational services that enables physicians to offer a greater level of patient care while also increasing patient convenience.
“After a multi-year outbound search in the women’s health sector, we are very pleased to partner with a founder and management team that is dedicated to optimizing patient satisfaction and offering the highest quality of care from breast-imaging focused radiologists. ONsite’s 3D mammography services increase patient adherence to preventative exams, improve the detection of breast cancer, and decrease recall rates from false-positive scans,” said Russell Cassella, Managing Partner of Revelstoke.
Arion Robbins, a Principal of Revelstoke, added, “With over 5,000 OB/GYN practices in the United States, ONsite has a significant opportunity to grow through de novo expansion. We are thrilled to partner with such a passionate and experienced management team to continue growing the business.”
“The strategic and multi-site healthcare expertise that Revelstoke brings to our team will enable us to accelerate our growth while maintaining the highest level of service for our clients,” remarked Karl Schmidt, founder and CEO of ONsite.
With its investment in ONsite, Revelstoke has now completed 35 acquisitions, which includes 10 platform investments and 25 add-on acquisitions, representing more than $1.5 billion of total enterprise value.
Golub Capital acted as the sole lead arranger on the senior credit facility. Winston & Strawn LLP served as legal advisor to Revelstoke. Kahan, Kerensky, & Capossela LLP served as legal advisor to ONsite in the transaction.
ONsite is the preeminent multi-site provider of 3D mammography services within the OB/GYN and primary care professions and is one of the fastest growing companies in the industry. Headquartered in Westfield, Massachusetts, ONsite currently provides a comprehensive portfolio of project management, installation, and operational services to physician practices in 11 states.
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare and related business services sectors. Revelstoke partners with entrepreneurs and management teams to execute on a disciplined organic and acquisition growth strategy to build exceptional companies. Since the firm’s inception in mid-2013, Revelstoke has raised approximately $2.3 billion of equity and has completed 64 acquisitions, which includes 16 platform companies and 48 add-on acquisitions.