Kain Capital Completes Investment in RadX Inc., a Leading Radiology Platform

Partnership Supports Continued Regional Expansion Across High Growth and Underserved Markets

NEW YORK--(BUSINESS WIRE)--Kain Capital LLC (“Kain”) today announced the completion of its investment in RadX Inc. (“RadX”), a growing network of 26 independent outpatient radiology centers operating across Florida, Michigan, Maryland, Georgia, Tennessee, and Alabama. Through its growing portfolio of community-based radiology centers, RadX Inc. provides accessible, high-quality, and cost-effective diagnostic imaging services.

“Diagnostic imaging sits at the center of an evolving healthcare landscape increasingly focused on outpatient delivery, earlier intervention, and cost efficiency,” said Kunal Kain, Managing Partner of Kain Capital. “We believe scaled independent radiology platforms are uniquely positioned to benefit from these long-term industry shifts, and RadX has established itself as a leader within a highly fragmented market.”

RadX has a strong presence across multiple regional markets where demand for imaging services continues to increase, driven by an aging population, growing utilization of preventative screenings, and a heightened focus on early disease detection and outpatient care delivery.

“We founded RadX to create a more consistent, patient-centered imaging experience without compromising clinical quality,” said Dr. Chintan Desai, Co-Founder and CEO of RadX Inc. “Kain Capital shares our long-term vision for building a leading outpatient imaging platform grounded in clinical excellence, operational discipline, and strong community relationships. We’re honored to partner with their team in this next phase of growth.”

RadX intends to use the investment to support continued expansion of its clinic footprint, recruit additional physician and operational talent, invest in technology and patient experience initiatives, and pursue strategic growth opportunities across existing and adjacent markets.

“The outpatient imaging market remains deeply fragmented, particularly among regional and independent operators,” said Mona Patel, Co-Founder. “We see a significant opportunity to build a scaled platform that combines local market expertise with the operational infrastructure, technology, and talent required to support long-term growth across multiple markets.”

“RadX has built an impressive multi-state platform led by an exceptional management team,” continued Kain. “We’re excited to partner with Dr. Desai, Mona Patel, and the broader team as they continue scaling the platform.”

About RadX Inc.

RadX Inc. is an owner and operator of independent outpatient radiology clinics cofounded by Dr. Chintan Desai and Mona Patel with 26 locations across Florida, Michigan, Maryland, Georgia, Tennessee, and Alabama. The company provides a broad range of diagnostic imaging services focused on delivering accessible, high-quality care within community-based outpatient settings.

About Kain Capital LLC

Kain Capital LLC is a private equity firm focused on healthcare services and healthcare technology. The firm partners with founders and management teams to provide capital, strategic support, and technology capabilities that drive growth and improve access, quality, and affordability of care. Through Kain Analytics, the firm develops data and AI solutions to enhance operational performance across its portfolio. For more information, visit www.kaincap.com.