Direct Capital is pleased to announce its investment into Exact Radiology, a diagnostic imaging business operating and servicing a network of 13 radiology clinics in South East Queensland, Australia. Direct Capital is partnering with the founding radiologist shareholders and Sydney based private investment firm Bridgeport Capital to continue the expansion of the business.
Exact provides high quality diagnostic imaging services including MRI, CT, ultrasound, x-ray and nuclear medicine. Founded in 2007 with one clinic, Exact has grown organically to operate nine clinics and provide radiology reading services to a further four clinics and Ipswich Hospital in South East Queensland.
Direct Capital’s investment provides growth capital to fund continued expansion of the clinic base, investment into new modalities and additional services, and to enable broader shareholding participation among employees.
The investment into Exact Radiology is the firm’s fourth investment from its Direct Capital V fund, following earlier investments into AS Colour, Perpetual Guardian and Marvel Packers.
The investment continues Direct Capital’s thesis of investing into large successful private companies across New Zealand and Australia, in partnership with shareholders and management teams.