St. Cloud Capital's investment in Integrated Diagnostic Services allows for the acquisition of Core Analytics Lab & Radiology, significantly enhancing mobile diagnostics and laboratory service capabilities throughout California.

Information on the Target

Integrated Diagnostic Services (IDS) is a prominent provider of mobile radiology and laboratory services operating throughout California. The recent acquisition of Core Analytics Lab & Radiology marks a significant milestone for IDS, enhancing its service offerings and operational efficiency. This strategic move comes as part of St. Cloud Capital's ongoing investment from its fourth fund, which encompasses committed capital of $236 million.

The acquisition of Core significantly strengthens IDS’s capabilities by integrating in-house laboratory services, which are pivotal in improving route density and responsiveness to patient needs. The leadership of IDS, spearheaded by CEO Kelly McCullum, is optimistic about the impact this acquisition will have on their service delivery.

Industry Overview in California

The mobile radiology and laboratory services industry in California has experienced robust growth due to an increasing demand for accessible healthcare. The rise in patient numbers, coupled with a heightened