TOWSON, Maryland. – Apex Physics Partners (“APP”), the largest outsourced medical physics services company in North America, announced its acquisition of RPS Oncology (“RPS” or the “Company”). Founded by Board-certified medical physicist Charles Conduah, RPS is the leading provider of therapy medical physics and dosimetry consulting services in Minnesota and North Dakota. Over the last year, the Company has further expanded its footprint into Wisconsin and California.
“Over the last five years, we have assembled an exceptional team at RPS, whose talent, experience, and dedication to the health and safety of our clients has driven our success,” said Charles Conduah, Founder and CEO of RPS Oncology. “I am excited to join forces with Apex, as this marks the beginning of a new chapter. Together, we anticipate creating significant value for our hospital and health system partners.”
“RPS’ impressive team of physicists and dosimetrists will further Apex’s commitment to clinical and operational excellence, enabling our organization to provide even stronger support to our existing and new healthcare clients throughout the Midwest.” commented APP Chief Growth Officer, Hayden White.
APP provides its partner practice groups with comprehensive business and operations support services, which enables them to realize accelerated, sustainable growth; offer additional diagnostic and therapy medical physics services to their customers; and attract and retain top talent.
APP is backed by Blue Sea Capital, a West Palm Beach-based private equity firm with over $1.4 billion in assets under management.
“Our recent partnerships with RPS and Spectrum continue demonstrating our industry leadership as the preferred partner of choice for best-in-class medical physics businesses seeking a growth-oriented partner,” added Erin Lansky, Principal at Blue Sea Capital. “We are thrilled to welcome Charles and the entire RPS team to the growing APP family and are excited to announce additional medical physics partnerships in the months to come.”
About Apex Physics Partners
Apex Physics Partners (https://apexphysicspartners.com/) is the largest outsourced medical physics services organization in North America, offering diagnostic and therapy medical physics services to large hospital systems, healthcare facilities, imaging centers and cancer care groups throughout the U.S. Through the Apex Physics Support Group, partner physics practices receive an array of differentiated support services, including client services, accounting/finance, sales and marketing, human resources, technical recruiting, information technology and data analytics, vendor management, legal, and insurance.
About Blue Sea Capital
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies valued up to $300 million. The firm has over $1.4 billion in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.
