Kain Capital has completed an investment in RadX Inc., a multistate outpatient radiology platform.
Financial terms of the transaction were not disclosed.
RadX operates 26 independent outpatient radiology centers across Florida, Michigan, Maryland, Georgia, Tennessee, and Alabama.
The company was co-founded by Chintan Desai, MD, and Mona Patel.
RadX provides diagnostic imaging services in community-based outpatient settings.
The investment is expected to support clinic-footprint expansion, physician and operational recruitment, technology investment, and patient-experience initiatives.
RadX also plans to pursue strategic growth opportunities in existing and adjacent markets.
“Kain Capital shares our long-term vision,” Desai said in the announcement.
Kain Capital said diagnostic imaging demand is being shaped by an aging population, preventive screening growth, and the shift toward outpatient care delivery.
The investment firm focuses on healthcare services and healthcare technology. It partners with founders and management teams to provide capital, strategic support, and technology capabilities.
Kain Capital also develops data and AI tools through Kain Analytics to support operational performance across its portfolio, according to the announcement.
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