October 2020
Camden Partners Completes Growth Investment in Roshal Imaging Services

October 1, 2020, (Katy, TX) – Roshal Imaging Services, a leading provider of hospital grade, on-site, and on-demand ultrasound and echocardiogram services, announced that it has closed on an $8 million growth equity round led by Camden Partners.

“We are extremely excited about the opportunity to partner with Camden Partners, whose deep knowledge of the healthcare services and technology space will help grow the business to its full potential,” said Atul Dhingra, CEO of Roshal.

With over 200 employees Roshal provides services to free standing emergency rooms, micro-hospitals, rural hospitals, and hospital offsite facilities across the country. The financing is part of an ambitious growth plan enabling Roshal to become a national leader in the fast growing, underserved $20B+ imaging market.

The imaging market has experienced aggressive growth driven by an aging population, technological advances, and greater consumer and physician awareness of and demand for earlier intervention and preventative diagnostic screening.  The COVID-19 pandemic has only served to emphasize the importance of providing on-demand healthcare services to consumers. With its “sonographer hailing” service, Roshal is positioned exceptionally well to meet this need.

“Roshal’s founders have built an outstanding company that is primed to expand its service to the benefit of patients and providers nationwide. We at Camden are honored and excited to work alongside the Roshal team as they continue to provide compelling services in a dynamic healthcare industry,” said Calvin Young, Vice President at Camden Partners. Mr. Young and Camden Partners Partner and CEO, David Warnock, will serve on the company’s board of directors.

“A partnership with Camden will accelerate our multifold expansion plan and enable us to further optimize our service to existing customers while expanding exponentially into new healthcare settings,” said John Thomas, CFO and COO of the company.

Uplift Partners served as financial advisor to Roshal Imaging Services. Shearman & Sterling served as legal counsel to the company and Miles & Stockbridge served as legal counsel to Camden Partners.

About Roshal Imaging Services

Based in Greater Houston, TX, Roshal Imaging Services is a new leader providing hospital grade, on-site, and on-demand ultrasound and echocardiogram services to ERs, micro-hospitals, rural hospitals, and hospital offsite facilities.  Roshal’s services enable providers to employ diagnostic tools early to detect and prevent disease onset. To learn more, please visit www.roshalimaging.com or call 832-437-5266.

About Camden Partners

Founded in 1995, Camden Partners is a Baltimore-based lower-middle market growth equity firm. For 25 years we have consistently focused on investing in growth-stage companies with enterprise values ranging from $10 million - $150 million. Leveraging our domain expertise in tech-enabled services and software, business services, and education, we partner with our portfolio companies to grow revenue and increase cash flow by setting organizational strategy and providing the growth capital to expand operations. Our target equity checks range between $5 million and $15 million, allowing us to be a preferred partner of choice for owner-operators of businesses who maybe dilution sensitive. For more information, please visit Camden’s website: www.camdenpartners.com.


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