SC&H Capital Advises West Physics on its Recapitalization by LNC Partners

5/30/18

West Physics, a leading provider of diagnostic medical and health physics consulting and compliance services, recently completed a recapitalization transaction with LNC Partners, a Virginia based private equity firm. “We are very excited to embark on the next phase of West Physics’ corporate growth with LNC as our partners,” said West Physics’ founder, Dr. W. Geoffrey West. “I am excited about the future of West Physics as it is clear that LNC and our management team have a shared vision for the company that focuses on continuing to provide the highest quality technical medical physics services to our customers and unparalleled growth opportunities for our employees.”

Headquartered in Atlanta, Ga., West Physics has grown from serving a single local client in 2002 to working today with over 2,000 healthcare systems, hospitals, imaging centers, and physician practices nationwide. With a current staff of approximately 45 professionals, West provides diagnostic medical physics and health physics compliance services to its healthcare customers across the country.

“We were honored by the opportunity to assist Geoff and the West Physics team with this transaction. The partnership between West Physics and LNC creates a great opportunity for the company’s employees and customers alike. It remains the same great company, but now it is even better capitalized to take advantage of growth and acquisition opportunities in the fragmented medical physics industry,” said Greg Hogan, the SC&H Capital director who advised and assisted West Physics in the transaction.

“The SC&H Capital team did a phenomenal job in helping me throughout the course of the transaction process. As the founder of West Physics, I wanted to ensure that I had the right investment banking and advisory partner before embarking on this important next step for my company, and I am pleased to have chosen SC&H. Greg and his team were absolutely key in assisting me from the beginning of the process all the way through closing,” said West.

Both West Physics and LNC Partners are privately held. Terms of the transaction were not disclosed. The West Physics-LNC Partners transaction is the third deal SC&H Capital has completed in the medical physics space. Gregory, Doyle, Calhoun & Rogers served as legal counsel to West Physics in the transaction.

About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, is an investment banking and advisory firm providing merger and acquisition (M&A), employee stock ownership plan (ESOP), capital raising, and business valuation solutions to middle market and growth companies nationwide. SC&H Capital delivers investment banking and advisory services across numerous industries including technology, healthcare, manufacturing, and government contracting to help owners achieve their exit planning goals and liquidity objectives. To learn more visit www.schcapital.com

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