Based in Dallas, the private equity firm Panos Partners, LLC (Panos), recently announced that its primary healthcare services platform, Memorial MRI & Diagnostic Imaging (Memorial), has acquired Dallas-Fort Worth-based Prime Diagnostic Imaging and its pain management arm, Foundation Physicians Group (Prime).
Memorial is a leading provider of diagnostic imaging and pain management services in DFW Metroplex, with seventeen locations. Each of these healthcare facilities, including their MRI and diagnostic imaging, is joining the Panos family.
“The acquisition of Prime is a synergistic fit to the Memorial platform and geographically meaningful in both Dallas-Fort Worth and Houston, in enabling patients access to quality-focused and value-oriented healthcare services at scale,” said Bryan Scott, the managing partner and founder of Panos.
Panos focuses on making investments in middle-market healthcare and business services companies.
“Prime is a perfect fit for Memorial. We will amplify the patient treatment experience by deploying Memorial’s care pathways throughout Prime’s facilities and expanding pain offerings into their imaging-only facilities,” said Memorial MRI & Diagnostic CEO Kim Tran.
“This business combination creates an opportunity for incremental revenue generation and to further build upon its leadership status in the litigation service side of the diagnostic imaging and pain management business,” added Scott.
Panos has more than $175 million in assets under management.
